Novogradac & Company Llp

Today is Tuesday, April 14th, 2009. First up this week we have recently released guidance from the IRS about two types of tax credit bonds for renewable energy. Next up, we explain legislation that was recently reintroduced in the House of Representatives that would tax all income generated from "carried interests" as ordinary income as opposed to how current tax law allows some of this income to be taxed as capital gains. We will also continue our ongoing coverage of LIHTC allocating agencies as they implement the Recovery Act of 2009. Let's begin today's discussion with a summary of the latest guidance released for qualified energy conservation bonds and new clean renewable energy bonds.