May 23, 2017

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general section, where he shares what is known about the budget proposal for 2018 that President Donald Trump's administration will release today, including some affordable housing programs that will reportedly see cuts. He also talks about the first of a series of hearings about tax reform that the House Ways and Means Committee conducted last week and will let listeners know what topic they will discuss today. In low-income housing tax credit news, he discusses some new cosponsors for the Affordable Housing Credit Improvement Act of 2017 in both houses of Congress and let listeners know which co-sponsors are members of the influential Ways and Means Committee and Senate Finance Committee. He also shares recent Section 1602 audits of Rhode Island and Arkansas.. In historic tax credit news, he talks about the latest effort by legislators in West Virginia to pass a significant increase to their state historic tax credit percentage and what hurdles remain for it. He closes out with the renewable energy tax credit section, where he discusses legislation introduced again in Congress to extend the investment tax credit for offshore wind. '