The House released HR 2 (Moving Forward Act) to establish a perm. min. 4% rate for #LIHTC, increase annual LIHTC allocations, temp reduce the 50% test for bond-financed housing to 25%, perm. extend the #NMTC at $5BN, increase #HTC to 30% for 5 yrs & delay #ITC phasedown to 2026.

The White House Opportunity and Revitalization Council released a report on #opportunityzones best practices. Learn more from Michael Novogradac #TaxCreditTuesday novogradac.com/5qi3

Tweet 1 of 3 An IRS update for the Opportunity Zone (OZ) Industry: IRS Notice 2020-39 answers questions regarding relief from certain requirements under section 1400Z-2 of the Internal Revenue Code and the implementing regulations in response to the ongoing COVID-19 pandemic

Tweet 2 of 3 IRS Notice 2020-39 addresses issues such as testing dates for assets held by Qualified Opportunity Funds (QOFs), timeframes for taxpayers to invest eligible gains in QOFs, and reminding taxpayers of additional time under the working capital safe harbor

Tweet 3 of 3 For projects undertaken by qualified OZ businesses and the re-investment of certain proceeds received by QOFs from qualified opportunity zone property. #opportunityzone #opportunityzones #ozone #oz Notice 2020-39 will be in IRB: 2020-26, dated June 22, 2020.

Positive news for the OZ Industry-Federal Regulatory Agencies Finalize Rule that Exempts Qualified Opportunity Funds from Volcker Rule, Allows Banks to Participate in OZ Investments. DEPARTMENT OF TREASURY Office of the Comptroller of the Currency 12 CFR Part 44 #OpportunityZone

Our President Warren Kirshenbaum wrote a novel and is actively looking for representation to assist with getting the book published.

Some levity for authors, agents, publishers #authors #publishers #MSWL Jessica Sinsheimer

😢

This is good news

👍

As reported earlier by @NovogradacCPAs 1/2 House Approves Sweeping Infrastructure Bill that Includes LIHTC, NMTC, HTC, RETC Provisions

2/3 The House of Representatives today approved a sweeping infrastructure bill, voting to send the $1.5 trillion legislation to the Senate. The Moving Forward Act (H.R. 2) includes provisions to increase the annual 9 percent low-income housing tax credit (LIHTC) allocation amount

3/3 establish a permanent 4% LIHTC rate, temporarily reduce the 50% financed-by test for bond-financed housing to 25% permanently extend the #NMTC at a $5BN annual allocation adjusted for inflation, temporarily increase the #HTC applicable % and delay phasedown of #ITC until 2026

Let’s go! The RI budget bill signed last week by Gov. Raimondo continues funding for the state historic tax credit #HTC, thereby extending the HTC sunset date until June 30, 2021. H. 7170 transfers $5 million in appropriations for the Rebuild Rhode Island Tax Credit. #taxcredits

As a company that specializes in smaller tax credit deals, we are especially hopeful to see this legislation pass the Senate. #HTC US Senate

#LIHTC #HTC Need help securing tax credit equity for a deal.

People please listen to my brother in law Prof Peter Hotez MD PhD DSc(hon) #voiceofreason

"LIHTC Equity Market Stabilizing Four Months into COVID-19 Pandemic." Notes from Michael Novogradac. novogradac.com/eeoc

We did it! finance.yahoo.com/news/cherrytre…