Novogradac Report on Tax Credits Transcript: July 22, 2008

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Novogradac Report on Tax Credits Transcript: July 22, 2008"

Transcription

1 Total Word Count: 1442 (Intro music) Novogradac Report on Tax Credits Hello. It s Tax Credit Tuesday and I m Michael Novogradac. This is the Novogradac Report on Tax Credits, a podcast presented each week by Novogradac & Company LLP. Novogradac & Company is a national accounting, consulting and valuation firm that offers a full range of services as well as expertise in the fields of renewable energy, community development and affordable housing. Today is Tuesday July 22nd, This week we will discuss the latest legislative wrangling surrounding the tax extenders legislation. But first, let s start our discussion with an update on the housing stimulus bill. On Wednesday, July 16th, House leaders announced that they would delay consideration of the Senate-passed housing stimulus bill, to give lawmakers more time to consider the Administration's proposal to shore up investor confidence in GSEs Fannie Mae and Freddie Mac. The recommendations released on Tuesday July 15th would give Treasury authority to make unlimited debt and equity investments in the GSEs. The proposal would also direct the new GSE regulator to develop capital standards and other regulations in consultation with the Federal Reserve Board. The new authority and consulting role would expire at the end of

2 The House and the Senate have both agreed to incorporate the Administration's recommendations into the housing stimulus bill. Last week, House Majority Leader Steny Hoyer of Maryland said that Senate Banking Committee Chairman Christopher Dodd of Connecticut and House Financial Services Committee Chairman Barney Frank of Massachusetts were working with the Administration to produce legislation that would be added to the housing bill. It is now expected that the House will resume work on the housing stimulus package this week. In related news, Congressman Frank announced last week that he and House leaders will not attempt to eliminate the Senate provision to provide $4 billion in grants to states and localities to help them turn around foreclosed properties. However, Congressman Frank did say the House will attempt to pay for the provision with a revenue-raising offset. After the House has finished its work on the housing stimulus package, the bill will go back to Senate for its consideration. The Senate is expected to quickly approve the House-passed bill, which will then go to the President for his signature. When the housing stimulus bill becomes law it will have immediate and widespread implications for the affordable housing community. I encourage you to join Novogradac & Company LLP in San Francisco in September for the 15th Annual San Francisco Affordable Housing Tax Credit Conference to discuss what changes are in store for existing LIHTC properties, as well as for transactions that are currently being negotiated and the future of the LIHTC 2

3 market. You can learn more about the conference and register online at slash events. Now let s turn to a discussion of how the proposed extensions of the new markets tax credit and renewable energy tax credits may fare in light of legislative wrangling that has slowed their progress. Even though the new market tax credit enjoys strong bipartisan support, legislative proposals that have sought to extend the program have stalled repeatedly. In a recent statement on the floor of the Senate, Senator Gordon Smith of Oregon expressed his support for the new markets tax credit and urged his colleagues to join him in supporting an extension of the NMTC program. On July 8th, Senator Smith praised the NMTC s potential to bring communities and businesses into the mainstream financial market and he pledged to do all that he could to see that the program is extended and expanded. Extension of the NMTC program has been proposed in a handful of different pieces of legislation. The program s extension has been proposed as part of a larger package tax extenders. The New Markets Tax Credit Coalition reports that Senator John Kerry of Massachusetts and Congressman Phil English of Pennsylvania were expected to make floor statements that echoed Senator Smith s remarks. Their comments were anticipated in advance of a procedural vote in the Senate that was scheduled for last week to determine whether to consider the tax extender bill. Although 3

4 Democrats and Republicans agree that a tax extender package should move forward, they disagree on whether the extensions should be paid for with revenue offsets. The extension of renewable energy tax incentives has also been delayed by the debate over offsetting the cost of the extender bill. Although both political parties have outlined energy policies and proposed legislation to extend renewable energy tax credits, neither has yet been able to achieve the bipartisan consensus necessary to gain final approval. The Senate has passed a bill that would extend temporary tax provisions for two years and includes renewable energy incentives. The House approved a measure to extend the provisions for one year. The Senate twice has failed to proceed to consideration of the revenue-neutral $54 billion House-passed bill. That measure includes a package of energy tax incentives, including a long-term extension and modification of the renewable energy production tax credit, and an extension and modification of the tax credit for solar energy and fuel cell investment. Earlier this month, Senate Minority Leader Mitch McConnell of Kentucky proposed that Republicans would agree to offsets for the tax extenders bill if Democrats agreed to lower their proposed 2009 domestic spending to make up for the lost revenue. Democratic leadership has not indicated whether they would accept the deal but reports in recent weeks suggest that the Senate could bring a bipartisan AMT/tax extenders package to the floor for a vote before the August recess. However, even if Congress were able to reach an 4

5 agreement, the bill s final approval is not guaranteed because the Administration has opposed offsetting extensions of existing tax laws. While lawmakers continued to debate the cost issue last month, the National Governors Association moved to put pressure on Congress to act immediately to postpone the expiration of tax credits for investment in wind and solar power. On July 14 th, the national body of governors agreed to call on Congress to act immediately to postpone the December 2008 expiration date of renewable energy tax credits. At a four-day summer meeting in Philadelphia, the governors group agreed to seek the signatures of all 50 governors on a letter that would request extension and funding of the tax credits for five years. The association says it plans to send the letter as soon as possible, in the hope Congress will act prior to its summer recess. Meanwhile, members of Congress in turn called for action from the White House. An initiative led by Senator Olympia Snowe of Maine recently called on President Bush to convene a bipartisan National Energy Summit to develop a proposal to address the current national energy crisis. In a statement on July 15 th, Senator John Sununu of New Hampshire said quote, Instead of saying we can t, we can t, we can t, legislators should be working together today to find the best way to take positive action in each of these areas. close quote The coalition sent a letter to the President urging him to call a national summit with Congressional and national leaders to develop a comprehensive energy proposal. The letter says, quote, This energy stalemate must be broken and we believe it can be broken, if there 5

6 is a demonstrable, good-faith commitment from both ends of Pennsylvania Avenue. end quote It should be noted that if the current version of tax extender legislation stalls again, there are other ways that the new market tax credit and renewable energy tax incentives could be extended. For example, last week reports surfaced again that Congress is considering a second economic stimulus bill. Seizing the opportunity, Congressman Harry Mitchell of Arizona appealed to House Speaker Nancy Pelosi of California to include a renewal of alternative energy tax credits in the new economic stimulus package. Congressman Mitchell says that the tax credits, which are set to expire at the end of the year, are necessary for large scale renewable energy projects to proceed and he argues that these projects could spark significant economic development. We will continue to follow these developments closely and keep you updated in future podcasts. Well that brings us to the end of this week s report. Please join us again next Tuesday when we will bring you the latest updates on the housing stimulus and tax extender legislation. We will also discuss the highlights of a report issued last week about the use of tax incentives in the GO Zone as well as recent developments in the IRS s investigation of Colorado's conservation easement tax credit program. 6

7 This is Michael Novogradac and I ll be back next Tuesday. Thanks for listening. (outro music) Editorial material in this transcript is for informational purposes only and should not be construed otherwise. Advice and interpretation regarding tax credits or any other material covered in this transcript can only be obtained from your tax advisor. Novogradac & Company LLP, 2009 All rights reserved. Reproduction of this publication in whole or in part in any form without written permission from the publisher is prohibited by law. For reprint information, please send an to 7

Novogradac Report on Tax Credits Transcript: May 11, 2010

Novogradac Report on Tax Credits Transcript: May 11, 2010 Total Word Count: 2843 (Intro music) Novogradac Report on Tax Credits Hello! I m Michael Novogradac and this is Tax Credit Tuesday. I m in New Orleans this week at the Novogradac tax credit conference.

More information

Novogradac Report on Tax Credits Transcript: October 14, 2008

Novogradac Report on Tax Credits Transcript: October 14, 2008 Total Word Count: 1120 (Intro music) Novogradac Report on Tax Credits Hello. It s Tax Credit Tuesday. I m Michael Novogradac. Today is Tuesday, October 14th, 2008 and you are listening to the Novogradac

More information

Novogradac Report on Tax Credits Summary: March 15, 2011

Novogradac Report on Tax Credits Summary: March 15, 2011 Michael J. Novogradac, CPA, reviews the status of tax patent legislation as well a new bill introduced last week to extend the Section 1602 exchange program and improve the new markets tax credit. Then

More information

Novogradac Report on Tax Credits Transcript: May 12, 2009

Novogradac Report on Tax Credits Transcript: May 12, 2009 Total Word Count: 2,478 (Intro music) Novogradac Report on Tax Credits Hello! I m Michael Novogradac and welcome to another Tax Credit Tuesday. Each week on Tuesday, Novogradac & Company presents this

More information

Novogradac Report on Tax Credits Transcript: January 5, 2010

Novogradac Report on Tax Credits Transcript: January 5, 2010 Total Word Count: 2269 (Intro music) Happy New Year! I m Michael Novogradac and it s Tax Credit Tuesday. Today is Tuesday, January 5th, 2010. This week I will discuss a recent federal tax court decision

More information

Novogradac Report on Tax Credits Summary: June 29, 2010

Novogradac Report on Tax Credits Summary: June 29, 2010 Michael J. Novogradac, CPA, shares and update on tax extenders legislation, reviews the NMTC Coalition s Progress Report 2010, announces new guidance for the Section 1603 renewable energy tax credit cash

More information

Novogradac Report on Tax Credits Transcript: August 25, 2009

Novogradac Report on Tax Credits Transcript: August 25, 2009 Total Word Count: 1620 (Intro music) Hello! It s Tax Credit Tuesday and I m Michael Novogradac. You are listening to the Novogradac Report on Tax Credits, a weekly podcast presented by Novogradac & Company

More information

Novogradac Report on Tax Credits Summary: December 6, 2011

Novogradac Report on Tax Credits Summary: December 6, 2011 Michael J. Novogradac, CPA, discusses Congress s agenda for the remainder of the year; IRS guidance about state tax credits; a task force in Oklahoma charged with evaluating state tax credits programs;

More information

Novogradac Report on Tax Credits Summary: June 8, 2010

Novogradac Report on Tax Credits Summary: June 8, 2010 Michael J. Novogradac, CPA, updates listeners on the status of tax extenders legislation, reviews Congress s calendar, discusses a possible energy amendment to the extenders bill, shares an update from

More information

Summary: February 16, 2016

Summary: February 16, 2016 In this week s Tax Credit Tuesday podcast, Michael J. Novogradac, CPA, begins with the general news section, where he provides a detailed description of the president s proposed budget for fiscal year

More information

Commercial solar energy use has grown significantly

Commercial solar energy use has grown significantly May 2009, Volume II, Issue V Published By Novogradac & Company LLP Assessing Solar Incentives By Jason C. Vargelis, Carle Mackie Power & Ross LLP, and David W. Kunhardt, Solar Power Partners Inc. Commercial

More information

Summary of the Housing and Economic Recovery Act of 2008

Summary of the Housing and Economic Recovery Act of 2008 Summary of the Housing and Economic Recovery Act of 2008 On July 30, President Bush signed major housing legislation, HR 3221, the Housing and Economic Recovery Act of 2008. The bill restructures regulation

More information

Let me provide you a bit more detail of what we accomplished in 2009.

Let me provide you a bit more detail of what we accomplished in 2009. New York State Housing Finance Agency State of New York Mortgage Agency New York State Affordable Housing Corporation 641 Lexington Avenue, New York, NY 10022 (212) 688-4000 www.nyhomes.org Testimony by

More information

Renewable Energy Alert

Renewable Energy Alert Renewable Energy Alert December 17, 2015 A proposed legislative compromise includes a long-term extension for wind and solar tax credits The long-term extension includes a progressive ratcheting down with

More information

Tax Reform: Congressional Reality or a Congressional Myth? Eric Grey, Director, Government Relations

Tax Reform: Congressional Reality or a Congressional Myth? Eric Grey, Director, Government Relations Tax Reform: Congressional Reality or a Congressional Myth? Eric Grey, Director, Government Relations Current Budget Outlook The Congressional Budget Office (CBO) last Tuesday released its latest long-term

More information

EXECUTIVE OFFICE OF THE PRESIDENT COUNCIL OF ECONOMIC ADVISERS CEA NOTES ON REFINANCING ACTIVITY AND MORTGAGE RATES

EXECUTIVE OFFICE OF THE PRESIDENT COUNCIL OF ECONOMIC ADVISERS CEA NOTES ON REFINANCING ACTIVITY AND MORTGAGE RATES EXECUTIVE OFFICE OF THE PRESIDENT COUNCIL OF ECONOMIC ADVISERS CEA NOTES ON REFINANCING ACTIVITY AND MORTGAGE RATES April 9, 2009 EXECUTIVE OFFICE OF THE PRESIDENT COUNCIL OF ECONOMIC ADVISERS WASHINGTON,

More information

Policy & Regulatory Update. Wednesday, August 26 th 2015

Policy & Regulatory Update. Wednesday, August 26 th 2015 Policy & Regulatory Update Wednesday, August 26 th 2015 Speaker Katherine LaBeau Policy Director & Counsel Where Are We Now? Recap of policy developments in 2014 and 2015 so far Recap Important Milestones

More information

2014 Election Results: What Happened and What Comes Next

2014 Election Results: What Happened and What Comes Next MEMO TO: T4A Members DATE: November 17, 2014 2014 Election Results: What Happened and What Comes Next On Tuesday, November 4, biennial general elections were held throughout the country. It was a good

More information

Grantmakers of Kentucky Washington Update. August 27, 2012

Grantmakers of Kentucky Washington Update. August 27, 2012 Grantmakers of Kentucky Washington Update August 27, 2012 About Independent Sector Membership organization @IndSector Focused on federal level sector-wide issues www.facebook.com/ IndependentSector Priorities

More information

Understanding the Role of Congressional Leadership. Christopher M. Davis Washington, D.C. September 19, 2014

Understanding the Role of Congressional Leadership. Christopher M. Davis Washington, D.C. September 19, 2014 Understanding the Role of Congressional Leadership Christopher M. Davis Washington, D.C. September 19, 2014 Political Parties & Congress Political parties have been central to Congressional operation since

More information

Making Home Affordable: New Challenges, New Tools

Making Home Affordable: New Challenges, New Tools Making Home Affordable: New Challenges, New Tools Todd Hempstead Senior Vice President, Single-Family Mortgage Business Fannie Mae June 2009 1 What I ll cover today Challenges facing our communities Fannie

More information

ADVISORY Investment Management

ADVISORY Investment Management ADVISORY Investment Management FINANCIAL SERVICES REGULATORY REFORM LEGISLATION REGISTRATION OF ADVISERS TO PRIVATE INVESTMENT FUNDS March 16, 2010 On December 11, 2009, the U.S. House of Representatives

More information

How to Boost the Economy by Helping Homeowners

How to Boost the Economy by Helping Homeowners POLICY BRIEF How to Boost the Economy by Helping Homeowners BY JASON GOLD JUNE 2012 The disappointing May jobs report raises the question: what s slamming the brakes on economic recovery? For one answer,

More information

CURRENT LEGISLATION TO ADDRESS CLIMATE CHANGE

CURRENT LEGISLATION TO ADDRESS CLIMATE CHANGE CURRENT LEGISLATION TO ADDRESS CLIMATE CHANGE Dan Manzo November 2011 Overview Introduction Background on Society s Beliefs of Climate Change Why Do We Disagree on Climate Change? Current Legislation Overview

More information

NEWS For Immediate Release: June 17, 2009 Contact: Jeff.Schrade@ngsa.org (202) 326-9300 NGSA.org, BlueJobs.org and NaturalGas.org

NEWS For Immediate Release: June 17, 2009 Contact: Jeff.Schrade@ngsa.org (202) 326-9300 NGSA.org, BlueJobs.org and NaturalGas.org NEWS For Immediate Release: June 17, 2009 Contact: Jeff.Schrade@ngsa.org (202) 326-9300 NGSA.org, BlueJobs.org and NaturalGas.org Changes to Financial Markets Could Severely Impact Natural Gas Customers,

More information

Thank you, Saurabh, for that very kind introduction. I m delighted to be back in

Thank you, Saurabh, for that very kind introduction. I m delighted to be back in Remarks by John G. Walsh Chief of Staff and Public Affairs Office of the Comptroller of the Currency Before the National Community Investment Fund s Annual Development Banking Conference Chicago, Illinois

More information

Concise Guide to Assistance for Jobless Workers in the American Recovery and Reinvestment Act

Concise Guide to Assistance for Jobless Workers in the American Recovery and Reinvestment Act National Employment Law Project Concise Guide to Assistance for Jobless Workers in the American Recovery and Reinvestment Act Introduction Congress recently passed the American Recovery and Reinvestment

More information

529 College Savings Plans: Lessons Learned for State-Sponsored Retirement Initiatives

529 College Savings Plans: Lessons Learned for State-Sponsored Retirement Initiatives 529 College Savings Plans: Lessons Learned for State-Sponsored Retirement Initiatives Presented by Andrea Feirstein AKF Consulting Group October 16, 2015 Summary: 529 Parallels for Retirement Plans State

More information

Arent Fox Government Relations. Tax Policy. Government relations TAX

Arent Fox Government Relations. Tax Policy. Government relations TAX Arent Fox Government Relations Tax Policy A Record of Success Government relations TAX 2 Insight, Inspiration and Advocacy. When and Where You Need It. Two former U.S. Senators A former member of the U.S.

More information

TESTIMONY OF SANDY BASS-CORS, EXECUTIVE DIRECTOR THE COALITION FOR AUTO REPAIR EQUALITY (CARE) JOINT COMMITTEE ON CONSUMER AFFAIRS AND TRANSPORTATION

TESTIMONY OF SANDY BASS-CORS, EXECUTIVE DIRECTOR THE COALITION FOR AUTO REPAIR EQUALITY (CARE) JOINT COMMITTEE ON CONSUMER AFFAIRS AND TRANSPORTATION TESTIMONY OF SANDY BASS-CORS, EXECUTIVE DIRECTOR THE COALITION FOR AUTO REPAIR EQUALITY (CARE) JOINT COMMITTEE ON CONSUMER AFFAIRS AND TRANSPORTATION JUNE 2,2011 PHILADELPHIA CONVENTION CENTER IN FAVOR

More information

H.R. 3221 Housing Assistance Tax Act of 2008

H.R. 3221 Housing Assistance Tax Act of 2008 H.R. 3221 Housing Assistance Tax Act of 2008 July 23, 2008 I. ASSISTANCE FOR HOME BUYERS AND HOME OWNERS Refundable first-time home buyer credit. The bill would provide a refundable tax credit that is

More information

Progress and Peril III: Taking Action: A Status Report on the Compact for Home Opportunity

Progress and Peril III: Taking Action: A Status Report on the Compact for Home Opportunity Progress and Peril III: Taking Action: A Status Report on the Compact for Home Opportunity Executive Summary This status report describes progress toward implementation of the Compact for Home Opportunity,

More information

Issue Status Chart: 2005/2006 Viatical and Life Settlement

Issue Status Chart: 2005/2006 Viatical and Life Settlement 2005/2006 Viatical & Life Settlement (#009) Issue Status Chart: (As of December 5, 2006) Contacts: Michael Lovendusky, 202-624-2390 Paula Auerbach, 202-624-2193 This issue chart monitors the progress and

More information

Making Home Affordable Updated Detailed Program Description

Making Home Affordable Updated Detailed Program Description Making Home Affordable Updated Detailed Program Description The deep contraction in the economy and in the housing market has created devastating consequences for homeowners and communities throughout

More information

Securitization Perspectives: Final U.S. Liquidity Coverage Ratio. September 10, 2014

Securitization Perspectives: Final U.S. Liquidity Coverage Ratio. September 10, 2014 Securitization Perspectives: Final U.S. Liquidity Coverage Ratio September 10, 2014 Introduction! On September 3rd, the Agencies adopted regulations implementing a liquidity coverage ratio (LCR) requirement

More information

The views and opinions expressed in this presentation are those of the author and presenter and do not necessarily reflect the views and opinions of

The views and opinions expressed in this presentation are those of the author and presenter and do not necessarily reflect the views and opinions of The views and opinions expressed in this presentation are those of the author and presenter and do not necessarily reflect the views and opinions of the sponsoring companies or their affiliates. Disclosure

More information

Tax Credits, Tax Equity and Alternatives To Spur Clean Energy Financing

Tax Credits, Tax Equity and Alternatives To Spur Clean Energy Financing Tax Credits, Tax Equity and Alternatives To Spur Clean Energy Financing Introduction: Tax credits and the need for tax equity Federal clean energy policies have made tax equity a critical component in

More information

Statement of. David Hehman President and CEO Federal Home Loan Bank of Cincinnati. Before the. House Financial Services Committee

Statement of. David Hehman President and CEO Federal Home Loan Bank of Cincinnati. Before the. House Financial Services Committee Statement of David Hehman President and CEO Federal Home Loan Bank of Cincinnati Before the House Financial Services Committee September 25, 2003 Mr. Chairman, Ranking Member Frank, and Members of the

More information

Opportunity Balance Growth

Opportunity Balance Growth Opportunity Balance Growth 9 MONTHS 8 HOURS BALANCE We care about balance sheets. We also care about a balanced life. Goal of 8-hour work days, nine months of the year We know that the tax season is challenging

More information

The Mouse that Roared. How You As a Small Business, Can Open Doors in Congress and Make Your Voice Heard

The Mouse that Roared. How You As a Small Business, Can Open Doors in Congress and Make Your Voice Heard The Mouse that Roared How You As a Small Business, Can Open Doors in Congress and Make Your Voice Heard NDIA 8 th National Small Business Conference June 2011 Agenda Congressional Overview Key Committees

More information

Power Purchase Agreements and Lease Arrangements: Tools to promote Distributed Renewable Energy

Power Purchase Agreements and Lease Arrangements: Tools to promote Distributed Renewable Energy Power Purchase Agreements and Lease Arrangements: Tools to promote Distributed Renewable Energy A discussion paper presented to the Center for Renewable Energy Research and Environmental Stewardship Board

More information

3. BILLS AND BILL PROCESSING

3. BILLS AND BILL PROCESSING 3. BILLS AND BILL PROCESSING Mechanisms Used to Streamline Bill Processing Bill Introduction Limits. State legislators are faced with two conflicting pressures. On the one hand, lawmakers are asked to

More information

The Citizen Lobbyist

The Citizen Lobbyist The Citizen Lobbyist Making Your Voice Heard: How you can influence government decisions Of the people, by the people, for the people. Democracy is not a spectator sport. Acting as participants, rather

More information

Daniel Smith/Corbis 32

Daniel Smith/Corbis 32 32 Daniel Smith/Corbis MONEY for NOTHING The Case for Eliminating US Fossil Fuel Subsidies Special tax provisions subsidize US oil, gas, and coal companies to the tune of $4.9 billion a year but have little

More information

Statements in Support of Small Business Lending Proposals

Statements in Support of Small Business Lending Proposals Statements in Support of Small Business Lending Proposals Neil Milner, President and CEO, Conference of State Bank Supervisors The proposals the Small Business Lending Fund and the State Small Business

More information

House Amendments to the Senate Amendment to H.R. 3221 Foreclosure Prevention Act of 2008

House Amendments to the Senate Amendment to H.R. 3221 Foreclosure Prevention Act of 2008 House Amendments to the Senate Amendment to H.R. 3221 Foreclosure Prevention Act of 2008 EXECUTIVE SUMMARY The House Amendments to the Senate Amendment to H.R. 3221 is expected to be considered on May

More information

FAQ: Congress Passes A Bill To Fix Medicare s Doctor Payments. What s In It?

FAQ: Congress Passes A Bill To Fix Medicare s Doctor Payments. What s In It? FAQ: Congress Passes A Bill To Fix Medicare s Doctor Payments. What s In It? By Mary Agnes Carey April 15, 2015 UPDATED April 14 Medicare s troubled physician payment formula will soon be history. As expected,

More information

A Timeline of Republicans Failure to Stop Reckless Mortgage Lending September 2010

A Timeline of Republicans Failure to Stop Reckless Mortgage Lending September 2010 A Timeline of Republicans Failure to Stop Reckless Mortgage Lending September 2010 Republican leaders in Congress are understandably eager to deflect attention away from their failure to rein in the reckless

More information

SOLAR ENERGY TAX CREDITS

SOLAR ENERGY TAX CREDITS SOLAR ENERGY TAX CREDITS James F. Duffy, Esquire Nixon Peabody LLP 100 Summer Street Boston, MA 02110-2131 2131 (617) 345-1129 jduffy@nixonpeabody.com Getting Solar Energy on Campus Now to Save in the

More information

The UK solar gold rush: Navigating the end of the RO regime and preparing for CfDs ORRICK 1. In association with

The UK solar gold rush: Navigating the end of the RO regime and preparing for CfDs ORRICK 1. In association with The UK solar gold rush: Navigating the end of the RO regime and preparing for CfDs ORRICK 1 In association with U.S. RENEWABLE ENERGY FINANCING AND REGULATORY OUTLOOK 2015 2 ORRICK US renewable energy

More information

Bringing Renewables to Wall Street Tackling the Challenges to Investing in Renewable Technologies

Bringing Renewables to Wall Street Tackling the Challenges to Investing in Renewable Technologies Bringing Renewables to Wall Street Tackling the Challenges to Investing in Renewable Technologies Kevin C. Fitzgerald Managing Partner Washington, D.C. Office September 18, 2008 This Just in from Washington

More information

NATIONAL ASSOCIATION OF MANUFACTURERS END OF THE YEAR TAX UPDATE

NATIONAL ASSOCIATION OF MANUFACTURERS END OF THE YEAR TAX UPDATE Wednesday December 17, 2014 2 3 PM Central Time NATIONAL ASSOCIATION OF MANUFACTURERS END OF THE YEAR TAX UPDATE Carolyn Lee Senior Director, Tax Policy National Association of Manufacturers CLee@nam.org

More information

The Making Home Affordable Program Offers Options for Homeowners in Bankruptcy

The Making Home Affordable Program Offers Options for Homeowners in Bankruptcy The Making Home Affordable Program Offers Options for Homeowners in Bankruptcy By Doreen Solomon, Assistant Director, Office of Oversight, Executive Office for U.S. Trustees, and Erin Sagransky, Policy

More information

Frank M. Rapoport Featured in Corporate Livewire s Infrastructure 2014 Virtual Roundtable as a Leading Expert

Frank M. Rapoport Featured in Corporate Livewire s Infrastructure 2014 Virtual Roundtable as a Leading Expert PRESS RELEASE R E S U L T S F I R S T SM Frank M. Rapoport Featured in Corporate Livewire s Infrastructure 2014 Virtual Roundtable as a Leading Expert FRANK M. RAPOPORT Frank M. Rapoport was featured in

More information

Industrial Loan Companies After The Moratorium

Industrial Loan Companies After The Moratorium Portfolio Media, Inc. 648 Broadway, Suite 200 New York, NY 10012 www.law360.com Phone: +1 212 537 6331 Fax: +1 212 537 6371 customerservice@portfoliomedia.com Industrial Loan Companies After The Moratorium

More information

Support Under the Homeowner Affordability and Stability Plan: Three Cases

Support Under the Homeowner Affordability and Stability Plan: Three Cases Support Under the Homeowner Affordability and Stability Plan: Three Cases Family A: Access to Refinancing In 2006: Family A took a 30-year fixed rate mortgage of $207,000 on a house worth $260,000 at the

More information

The Trump Administration and Tax Reform. December 2016

The Trump Administration and Tax Reform. December 2016 The Trump Administration and Tax Reform December 2016 The Trump Administration and Tax Reform Tax reform The state of play For the first time since 2006, the Republican Party (GOP) will control the House,

More information

PACE and the Federal Housing Finance Agency (FHFA)

PACE and the Federal Housing Finance Agency (FHFA) MARCH 17, 2010 PACE and the Federal Housing Finance Agency (FHFA) By Mark Zimring and Merrian Fuller The FHFA regulates Fannie Mae, Freddie Mac, and the 12 Federal Home Loan Banks (the government-sponsored

More information

National Small Business Network

National Small Business Network National Small Business Network WRITTEN STATEMENT FOR THE RECORD US SENATE COMMITTEE ON FINANCE U.S. HOUSE OF REPRESENTATIVES COMMITTEE ON WAYS AND MEANS JOINT HEARING ON TAX REFORM AND THE TAX TREATMENT

More information

RESULTS January 2015 U.S. Poverty National Conference Call Getting Face-to-Face Meetings and Creating Powerful Plans for Success in 2015 Saturday,

RESULTS January 2015 U.S. Poverty National Conference Call Getting Face-to-Face Meetings and Creating Powerful Plans for Success in 2015 Saturday, RESULTS January 2015 U.S. Poverty National Conference Call Getting Face-to-Face Meetings and Creating Powerful Plans for Success in 2015 Saturday, January 10, 12:30 pm ET, (888) 409-6709 2 Welcome from

More information

CHRISTIE, CLINTON TIED IN 2016 WHITE HOUSE RACE, QUINNIPIAC UNIVERSITY NATIONAL POLL FINDS; DEMS LOSE 9-POINT EDGE TO TIE GOP IN 2014 HOUSE RACES

CHRISTIE, CLINTON TIED IN 2016 WHITE HOUSE RACE, QUINNIPIAC UNIVERSITY NATIONAL POLL FINDS; DEMS LOSE 9-POINT EDGE TO TIE GOP IN 2014 HOUSE RACES Tim Malloy, Assistant Director, Quinnipiac University Polling Institute (561) 329-3692 Rubenstein Associates, Inc. Public Relations Contact: Pat Smith (212) 843-8026 FOR RELEASE: NOVEMBER 13, 2013 CHRISTIE,

More information

Obama Tax Compromise APPROVED by Congress

Obama Tax Compromise APPROVED by Congress December 17, 2010 Obama Tax Compromise APPROVED by Congress on Thursday, December 16, 2010 The $858 billion tax deal negotiated by President Obama and Republican leadership was overwhelmingly approved

More information

America s Voice/Latino Decisions 2016 Presidential Survey Toplines July 1, 2013

America s Voice/Latino Decisions 2016 Presidential Survey Toplines July 1, 2013 1. On the whole, what are the most important issues facing the [Hispanic/Latino] community that you think Congress and the President should address? [Open ended, may select one more than one] Create more

More information

Federal Policy Update. Matthew Lesieur VillageCare / National Association of People with AIDS

Federal Policy Update. Matthew Lesieur VillageCare / National Association of People with AIDS Federal Policy Update Matthew Lesieur VillageCare / National Association of People with AIDS U.S. Senate Majority Leader Minority Leader Harry Reid, D-NV Mitch McConnell (R-KY) U.S. Senate, Cont d Rules

More information

top issues An annual report

top issues An annual report top issues An annual report Volume 6 2014 Tax: Insurance taxation The insurance industry in 2014 FPO Insurance taxation Legislative outlook Congress faces considerable obstacles to enacting tax reform

More information

NMTC SERVICES. Knowledge Experience Service

NMTC SERVICES. Knowledge Experience Service NMTC SERVICES An established leader in the new markets tax credit industry with expert technical knowledge of key transaction structuring, accounting and compliance issues. Knowledge Experience Service

More information

Tax Credit Advisory Services tax. In-depth knowledge. Real-world experience.

Tax Credit Advisory Services tax. In-depth knowledge. Real-world experience. Tax Credit Advisory Services tax In-depth knowledge. Real-world experience. Tax credits promote investment and stimulate economic growth. As a recognized leader in the tax credits arena, Reznick Group

More information

November 2, 2015. The Honorable Mitch McConnell Majority Leader United States Senate 230 U.S. Capitol Washington, DC 20510

November 2, 2015. The Honorable Mitch McConnell Majority Leader United States Senate 230 U.S. Capitol Washington, DC 20510 November 2, 2015 The Honorable Mitch McConnell Majority Leader United States Senate 230 U.S. Capitol Washington, DC 20510 The Honorable Harry Reid Minority Leader United States Senate 221 U.S. Capitol

More information

Without Congressional Action, Improvements to Earned Income Tax Credit and Child Tax Credit Set to Expire in 2017 By Alex Meyer

Without Congressional Action, Improvements to Earned Income Tax Credit and Child Tax Credit Set to Expire in 2017 By Alex Meyer Without Congressional Action, Improvements to Earned Income Tax Credit and Child Tax Credit Set to Expire in 2017 By Alex Meyer Earned Income Tax Credit (EITC) The Federal EITC was first enacted in 1975,

More information

United States Chamber of Commerce Q1 Small Business Outlook Study

United States Chamber of Commerce Q1 Small Business Outlook Study United States Chamber of Commerce Q1 Small Business Outlook Study April 16, 2012 Survey Dates: March 27, 2012 April 2, 2012 Methodology The Q1 U.S. Chamber of Commerce Small Business Outlook Survey was

More information

#1: Unemployment benefits provide an important boost to the economy.

#1: Unemployment benefits provide an important boost to the economy. The Economic Program January 2014 TO: Interested Parties FROM: Alicia Mazzara, Policy Advisor RE: Renew Emergency Unemployment Compensation: 4 Facts about Unemployment Benefits On December 28, Congress

More information

Affordable Housing and the Coming Election: What s Next?

Affordable Housing and the Coming Election: What s Next? Market Insights on Community Development Citi Community Capital Washington Update Affordable Housing and the Coming Election: What s Next? David Gasson from Boston Capital and Mike Novogradac from Novogradac

More information

Recycling Unused Cancer Drugs

Recycling Unused Cancer Drugs Recycling Unused Cancer Drugs Country: USA Partner Institute: Department of Behavioral Science and Health Education, Rollins School of Public Health, Emory University Survey no: (13) 2009 Author(s): Elena

More information

Regulatory Update Overview of Regulations and Other Developments Regarding PPACA s Employer- Sponsored Group Health Plan Provisions

Regulatory Update Overview of Regulations and Other Developments Regarding PPACA s Employer- Sponsored Group Health Plan Provisions Reprinted with permission from Employee Benefit Plan Review, March 2011. All rights reserved, WoltersKluwer Company, New York, N.Y. Regulatory Update Overview of Regulations and Other Developments Regarding

More information

Be it enacted by the People of the State of Illinois,

Be it enacted by the People of the State of Illinois, AN ACT concerning education. Be it enacted by the People of the State of Illinois, represented in the General Assembly: Section 1. Short title. This Act may be cited as the Task Force on Higher Education

More information

Education Issues Update. Public Policy Advocacy

Education Issues Update. Public Policy Advocacy Education Issues Update & Public Policy Advocacy AAUW PA Summer Retreat July 11, 2015 Lewisburg, PA Presented by Ron Cowell The Education Policy and Leadership Center 1 EPLC Mission The Mission of EPLC

More information

APPENDIX C GLOSSARY OF LEGISLATIVE TERMS

APPENDIX C GLOSSARY OF LEGISLATIVE TERMS APPENDIX C GLOSSARY OF LEGISLATIVE TERMS ACT A bill or measure after it has passed one or both chambers. Also used to denote a law in place. ACTION A description of a step that a bill undergoes as it moves

More information

Solar panels causing some storms - latimes.com. latimes.com/news/local/la-me-solar-panels30-2009nov30,0,5567208.story

Solar panels causing some storms - latimes.com. latimes.com/news/local/la-me-solar-panels30-2009nov30,0,5567208.story latimes.com/news/local/la-me-solar-panels30-2009nov30,0,5567208.story latimes.com Solar panels causing some storms Even as California and the federal government encourage solar power, homeowners often

More information

Weakness of Congressional Party

Weakness of Congressional Party U. S. Congress Parties matter a lot preferences of representatives legislative strategies majority versus minority party Committees matter a lot 95% of legislation dies here content of legislation and

More information

A look at health care plans in Congress The Associated Press July 6, 2009 Monday

A look at health care plans in Congress The Associated Press July 6, 2009 Monday A look at health care plans in Congress The Associated Press July 6, 2009 Monday Copyright 2009 Associated Press All Rights Reserved The Associated Press July 6, 2009 Monday A look at health care legislation

More information

Policy Toolkit APPENDIX: GLOSSARY OF LEGISLATIVE TERMS

Policy Toolkit APPENDIX: GLOSSARY OF LEGISLATIVE TERMS Policy Toolkit APPENDIX: GLOSSARY OF LEGISLATIVE TERMS Conservation Affairs Network Policy Toolkit Appendix GLOSSARY OF LEGISLATIVE TERMS ACT the term used to refer to a bill after it has passed both

More information

New Federal Initiatives Project

New Federal Initiatives Project New Federal Initiatives Project Abortion and Military Facilities: The Effect of the Burris Amendment in the Department of Defense Authorization Bill By William L. Saunders* September 17, 2010 The Federalist

More information

Despite Legislation, Parties Disagree on Whether Student-Loan 'Crisis' Has Ended

Despite Legislation, Parties Disagree on Whether Student-Loan 'Crisis' Has Ended 05/05/2008 Despite Legislation, Parties Disagree on Whether Student-Loan 'Crisis' Has Ended Fearing an election-year nightmare of students unable to find college loans, the Bush administration and Congress

More information

BORROWER Q&AS. 2. I'm current on my mortgage. Will the Home Affordable Refinance help me?

BORROWER Q&AS. 2. I'm current on my mortgage. Will the Home Affordable Refinance help me? MAKING HOME AFFORDABLE BORROWER Q&AS 1. What is Making Home Affordable" all about? Making Home Affordable is part of President Obama's comprehensive strategy to get the housing market back on track. Through

More information

Legislative & Regulatory Information

Legislative & Regulatory Information Americas - U.S. Legislative, Privacy & Projects Topic Citation: UFS Jurisdiction Effective Date Author Release Date File No. Federal Multiple Joseph Tigro 3/10/14 LI-487 Affordable Care Act, Dental Patient

More information

Renewable Energy Tax Reform - Where Are We Today?

Renewable Energy Tax Reform - Where Are We Today? Renewable Energy Tax Reform - Where Are We Today? December 2014 By: Eric D. Swenson 619.515.3235 eric.swenson@procopio.com "The most damaging thing you can do to a businessman in America is to keep him

More information

EMBARGOED UNTIL 6:00 AM ET WEDNESDAY, NOVEMBER 30, 2011

EMBARGOED UNTIL 6:00 AM ET WEDNESDAY, NOVEMBER 30, 2011 A State-by-State Look at the President s Payroll Tax Cuts for Middle-Class Families An Analysis by the U.S. Department of the Treasury s Office of Tax Policy The President signed into law a 2 percentage

More information

BUILDING COMMUNITIES. Knowledge. Service. Experience. Unparalleled Leadership in the Complex and Multifaceted World of New Markets Tax Credits

BUILDING COMMUNITIES. Knowledge. Service. Experience. Unparalleled Leadership in the Complex and Multifaceted World of New Markets Tax Credits BUILDING COMMUNITIES Knowledge. Service. Experience. Unparalleled Leadership in the Complex and Multifaceted World of New Markets Tax Credits About the Firm Novogradac & Company LLP has advised its clients

More information

April 2009. Tax Shell Game: The High Cost of Offshore Tax Havens to Taxpayers

April 2009. Tax Shell Game: The High Cost of Offshore Tax Havens to Taxpayers April 2009 Tax Shell Game: The High Cost of Offshore Tax Havens to Taxpayers Tax Shell Game The High Cost of Offshore Tax Havens to Taxpayers The U.S. Public Interest Research Group Education Fund April

More information

Below please find a summary of Greenberg Traurig s efforts on behalf of Miami-Dade County in September.

Below please find a summary of Greenberg Traurig s efforts on behalf of Miami-Dade County in September. Memorandum TO: Miami-Dade Board of County Commissioners FROM: Greenberg Traurig DATE: October 11, 2011 RE: September Report to the Board of County Commissioners Below please find a summary of Greenberg

More information

Evergreen INSTITUTIONAL MONEY MARKET FUNDS. Prospectus July 1, 2009

Evergreen INSTITUTIONAL MONEY MARKET FUNDS. Prospectus July 1, 2009 Evergreen INSTITUTIONAL MONEY MARKET FUNDS Prospectus July 1, 2009 Evergreen Institutional 100% Treasury Money Market Fund Evergreen Institutional Money Market Fund Evergreen Institutional Municipal Money

More information

Good Morning. First, I would like to thank Chairwoman Capito, Ranking Member

Good Morning. First, I would like to thank Chairwoman Capito, Ranking Member Testimony of David Seltzer before the Financial Institutions and Consumer Credit Subcommittee of the Financial Institutions Committee of US House of Representatives. Thursday, February 17, 2011 Good Morning.

More information

Lecture 16: Financial Crisis

Lecture 16: Financial Crisis Lecture 16: Financial Crisis What is a Financial Crisis? A financial crisis occurs when there is a particularly large disruption to information flows in financial markets, with the result that financial

More information

TESTIMONY OF MARK P. WETJEN ACTING CHAIRMAN, COMMODITY FUTURES TRADING COMMISSION BEFORE THE U.S. HOUSE COMMITTEE ON FINANCIAL SERVICES WASHINGTON, DC

TESTIMONY OF MARK P. WETJEN ACTING CHAIRMAN, COMMODITY FUTURES TRADING COMMISSION BEFORE THE U.S. HOUSE COMMITTEE ON FINANCIAL SERVICES WASHINGTON, DC TESTIMONY OF MARK P. WETJEN ACTING CHAIRMAN, COMMODITY FUTURES TRADING COMMISSION BEFORE THE U.S. HOUSE COMMITTEE ON FINANCIAL SERVICES WASHINGTON, DC February 5, 2014 Good morning Chairman Hensarling,

More information

Waste Management s Participation in the. Political Process

Waste Management s Participation in the. Political Process Waste Management s Participation in the Political Process Waste Management is actively engaged in the political process at all levels of government. Through years of collaboration, we have developed an

More information

LEGISLATIVE EDUCATION STUDY COMMITTEE BILL ANALYSIS. Bill Number: SJM 8 52nd Legislature, 1st Session, 2015

LEGISLATIVE EDUCATION STUDY COMMITTEE BILL ANALYSIS. Bill Number: SJM 8 52nd Legislature, 1st Session, 2015 LEGISLATIVE EDUCATION STUDY COMMITTEE BILL ANALYSIS Bill Number: SJM 8 52nd Legislature, 1st Session, 2015 Tracking Number:.198013.1 Short Title: Chance to Refinance Student Debt Sponsor(s): Senator Jacob

More information

2011 PUBLIC POLICY PRIORITIES

2011 PUBLIC POLICY PRIORITIES 2011 PUBLIC POLICY PRIORITIES 2111 Wilson Blvd., Suite 100 Arlington, VA 22201 MHI s NatIONal COMMuNIty COuNCIl The MHI National Communities Council (NCC) is the only national organization representing

More information

FRBSF ECONOMIC LETTER

FRBSF ECONOMIC LETTER FRBSF ECONOMIC LETTER 2010-03 February 1, 2010 Mortgage Choice and the Pricing of Fixed-Rate and Adjustable-Rate Mortgages BY JOHN KRAINER In the United States throughout 2009, the share of adjustable-rate

More information

MORE AMERICANS, INCLUDING MORE CHILDREN, NOW LACK HEALTH INSURANCE

MORE AMERICANS, INCLUDING MORE CHILDREN, NOW LACK HEALTH INSURANCE 820 First Street NE, Suite 510 Washington, DC 20002 Tel: 202-408-1080 Fax: 202-408-1056 center@cbpp.org www.cbpp.org Revised August 31, 2007 MORE AMERICANS, INCLUDING MORE CHILDREN, NOW LACK HEALTH INSURANCE

More information

THE WHITE HOUSE Office of the Press Secretary. FACT SHEET: President Obama s Plan to Help Responsible Homeowners and Heal the Housing Market

THE WHITE HOUSE Office of the Press Secretary. FACT SHEET: President Obama s Plan to Help Responsible Homeowners and Heal the Housing Market THE WHITE HOUSE Office of the Press Secretary FACT SHEET: President Obama s Plan to Help Responsible Homeowners and Heal the Housing Market In his State of the Union address, President Obama laid out a

More information