SAN FRANCISCO, Dec. 18, 2019 /PRNewswire-PRWeb/ -- A 2020 budget bill under consideration would authorize a one-year, $5 billion extension of the new markets tax credit (NMTC) past its scheduled sunset at the end of 2019. Community development professionals will discuss what lies ahead for the NMTC at the Novogradac 2020 New Markets Tax Credit Conference in San Diego, Jan. 30-31.
"The potential for a brief hiccup in the program means that the San Diego conference is the perfect time to get questions answered and plan for 2020," said Nicolo Pinoli, CPA, partner at Novogradac and conference chairman. "With the proposed one-year extension of the new markets tax credit, I'm eager to hear what to expect from Washington, D.C., about the expansion and permanence of the incentive."
Conference panel topics will include a female investor-led panel on what investors are looking for in NMTC transactions and what types of investments will garner the most interest, as well as a Q&A session with a CDFI Fund representative. There will also be a tour of successful NMTC projects in downtown San Diego. In addition, there will be three pre-conference workshops Wednesday, Jan. 29: NMTC 101: The Basics, NMTC 201: Targeted Populations and NMTC 202: Advanced NMTC Concepts. Separate registration and fees apply for the pre-conference workshops.
The Novogradac 2020 New Markets Tax Credits Conference is co-hosted by Chase and U.S. Bank, and is sponsored by Citi Community Capital, Dentons, Dudley Ventures, Enterprise, Ginsberg Jacobs LLC, PNC Bank, Nixon Peabody LLP, New Plan Learning and Spencer Fane.
About Novogradac
Novogradac began operations in 1989 and has grown to more than 600 employees and partners with offices in more than 25 cities. Tax, audit and consulting specialty practice areas for Novogradac include affordable housing, opportunity zones, community development, historic rehabilitation and renewable energy.
SOURCE Novogradac
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