Novogradac 2020 Year-End Tax Provisions Webinar Recording (Jan 2021)
4% floor, with a focus on the effective date Disaster LIHTC authority; additional states beyond California-only and more flexible timeline; new precedent of Congress 10% test deadline for properties in disaster areas Benefit of 30-year ADS depreciation being expanded to properties placed in service before Jan. 1, 2018 New markets tax credits Renewable energy tax credits ITC extension at 26% through end of 2022 Waste heat to power added to ITC eligibility Offshore wind extended to end of 2025 at 30% Carbon credits
Source: novoco.com