June 13, 2017

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general news section, where he covers HUD Secretary Ben Carson's appearances last week before important subcommittees in both the House and the Senate to talk about President Trump's budget request. I'll also share what Pam Patenaude told the Senate Banking Committee during a hearing on her nomination as HUD deputy secretary. Then, he discusses President Trump's nomination of Joseph Otting to head the Office of Comptroller of the Currency. He also touches on the Financial Choice Act (H.R. 10), a significant banking regulation bill that the House passed last week to repeal and replace the Dodd-Frank Act. In low-income housing tax credit news, he tells listeners about the National Low-Income Housing Coalition's recently released, annual, Out of Reach Report. He also shares the steps being taken by an important affordable housing advocacy group to encourage the House Ways and Means Committee to expand the low-income housing tax credit. In new markets tax credit news, he provides details from an annual progress report by the New Markets Tax Credit Coalition, as well as information about the New Markets Tax Credit Working Group's latest comment letter to the IRS concerning this year's priority guidance plan. In historic tax credit news, he shares an update on an Illinois state historic tax credit bill (S.B. 1783) that awaits the governor's signature for a significant extension. And in renewable energy tax credit news, he shares some news about the American Wind Energy Association's (AWEA's) announcement that it won't push for another extension of the production tax credit. Finally, he discusses the Solar Energy Industries Association's latest quarterly report on solar energy.