The Tax Credit Talk

Season Finale: Credits in Action: Energy, Housing, Film, and Brownfields

📄 Podcast Description: This week on The Tax Credit Talk, hosts Hallie James and Parker An deliver a short but powerful season finale, spotlighting federal energy incentives, major shifts in affordable housing finance, the high stakes of film tax credits, and how brownfield cleanups are transforming communities. ⚡ In energy, the clock is ticking: homeowners have until December 31, 2025 to claim up to $3,200 through the Energy Efficient Home Improvement Credit, covering 30% of costs for upgrades like heat pumps, windows, and solar. When combined with state incentives and utility rebates, these credits can dramatically lower upfront costs and accelerate adoption. 🏘️ In housing, the OBBBA resets the game starting in 2026 by cutting the bond financing threshold for 4% LIHTCs from 50% to 25%, opening the door to more affordable projects as states free up scarce private activity bonds. Developers and investors alike are watching this change as a long-awaited fix to bottlenecks. 🎬 In film, South Dakota lost the production Americana to New Mexico, underscoring the decisive role state credits play in attracting large-scale projects and jobs. Without robust incentives, states risk missing out on the economic impact blockbuster productions bring. 🌎 In brownfields, New York’s Brownfield Cleanup Program shines as a national model, pairing refundable credits with liability protection. The results are real: over 1,300 sites accepted and some redevelopments completed in under two years, proving policy can drive speed and impact. 🧩 Inside the episode: * Federal energy credits offer up to $3,200 but expire after 2025 [https://apnews.com/article/south-dakota-film-incentives-62dd4d6f4780e161995f4b89f73644c1 ] * LIHTC bond financing test cut in half for 2026 [https://www.novoco.com/notes-from-novogradac/pab-use-for-multifamily-housing-continues-to-grow-financed-by-test-change-may-stretch-cap ] * South Dakota loses a major film project to New Mexico [https://apnews.com/article/south-dakota-film-incentives-62dd4d6f4780e161995f4b89f73644c1 ] * New York’s brownfield program drives rapid cleanups [https://rbj.net/2025/09/22/nys-brownfield-cleanup-tax-credits-rochester/?utm_source=chatgpt.com ] 🎙️ Brought to you by Fallbrook Financial Services Fallbrook Financial Services is one of the largest state tax credit brokerages in the U.S., having placed over $6 billion in credits across renewable energy, housing, film, brownfields, and more. If you are buying, selling, or strategizing around credits, visit www.fallbrookfinancialservices.com [http://www.fallbrookfinancialservices.com] or email team@fallbrookfinance.com.

From MrBeast to Megawatts: Where Credits Are Flowing Next

📄 Podcast Description: This week on The Tax Credit Talk, hosts Hallie James and Parker An unpack a wide-ranging episode covering everything from Hollywood productions to nuclear power to child care expansion and how these programs reveal the high stakes of tax credit design. 🎥 In film, North Carolina is investing $29 million in grants, backing productions like Top Chef and MrBeast’s new show, expected to create 3,800 jobs and generate $131 million in economic activity. But New York’s $920 million program is under fire, with watchdogs saying taxpayers get just $1 back for every $3 spent. ⚡ In energy, the “One Big Beautiful Bill Act” accelerates phaseouts for solar and wind credits, setting off a race to finish projects before deadlines hit. Residential solar incentives vanish in 2025, and overall installations could plunge 41% after 2027 just as demand is forecast to surge 16% by 2029. Meanwhile, nuclear receives long-term support with credits extending through 2033, though stricter supplier rules raise new compliance hurdles. 🏘️ In communities, the CDFI Fund’s $10 billion NMTC allocation moves closer with fresh guidance, promising transformative capital for underserved areas. And in Montgomery County, Maryland, property tax credits for child care providers jump from $3,000 to $10,000, aiming to stabilize an industry critical to both families and workforce participation. 🧩 Inside the episode: * North Carolina Film Grants Fuel Jobs, Tourism [https://www.axios.com/local/charlotte/2025/09/11/film-entertainment-grant-rebates-incentives-top-chef-mrbeast?utm_source=chatgpt.com ] * New York Film Subsidies Face Growing Scrutiny [https://www.investigativepost.org/2025/09/15/a-tax-subsidy-thats-not-funny/?utm_source=chatgpt.com] * Solar and wind credits face steep phaseouts [https://pv-magazine-usa.com/2025/09/15/one-big-bad-bill-for-solar-projects/?utm_source=chatgpt.com] * Nuclear positioned as a long-term growth pillar [https://www.reuters.com/business/energy/trumps-tax-credits-bolster-new-nuclear-compliance-toughened--reeii-2025-09-16/?utm_source=chatgpt.com ] * $10B in NMTCs ready to deploy [https://www.novoco.com/news/cdfi-fund-posts-nmtc-allocation-agreement-template ] * Childcare tax credits expanded in Montgomery County [https://mocoshow.com/2025/09/16/new-bill-raises-maximum-child-care-tax-credit-from-3000-to-10000/?utm_source=chatgpt.com ] 🎙️ Brought to you by Fallbrook Financial Services Fallbrook Financial Services is one of the largest state tax credit brokerages in the U.S., having placed over $6 billion in credits across renewable energy, housing, film, brownfields, and more. If you are buying, selling, or strategizing around credits, visit www.fallbrookfinancialservices.com [http://www.fallbrookfinancialservices.com] or email team@fallbrookfinance.com

Racing the Clock on Housing, Film, and Energy Incentives

📄 Podcast Description: This week on The Tax Credit Talk, hosts Hallie James and Parker An dive into the evolving world of tax credits, spotlighting how states, investors, and consumers are navigating housing shortages, film industry debates, and looming clean energy deadlines. 🏘️ In affordable housing, Delaware awarded $3.18 million in LIHTCs to fund four projects that will create 105 new units and preserve 116 more, including Wilmington’s first senior high-rise. Meanwhile, North Carolina’s program is driving $1.47 billion in affordable apartment development, supporting nearly 22,000 jobs and generating $95.3 million in state and local tax revenue—yet demand for credits still far outpaces supply. 🎥 In film, New York is projected to spend nearly $1 billion on production tax subsidies in 2025, with $230 million awarded in the first quarter alone. Watchdogs like Reinvent Albany argue taxpayers only get 30 cents back per dollar spent, while Empire State Development defends the program with claims of a 700% return on investment and over $1.1 billion in economic activity. ⚡ In renewable energy, federal deadlines are approaching fast. The $7,500 EV tax credit expires September 30, 2025, but buyers can still qualify by signing contracts and putting down deposits before that date—even if delivery comes later. Energy efficiency credits for solar panels, heat pumps, and insulation sunset December 31, 2025, spurring a nationwide rush to lock in savings. 🧩 Inside the episode: * Delaware and North Carolina showcase LIHTC impact [https://news.delaware.gov/2025/09/09/dsha-announces-preliminary-low-income-housing-tax-credit-allocations/ ] * New York’s billion-dollar film credit sparks controversy [https://nypost.com/2025/09/08/us-news/ny-taxpayers-on-track-to-spend-1b-subsidizing-tv-and-film-productions-this-year/ ] * EV tax credit deadline looms September 30 [https://finance.yahoo.com/video/2-clean-energy-tax-credits-100056376.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAANIsSvnQUy8JzduTf1C9h1_XAqFHGWG5OLfRlLP2ApKT-VusmePPzf30fbahrkDNFuhRQ9prXOh0UgsUOV1jj7aGXehxnUaYXcdFFrDLlS6SAftpDq91OBrzfwHE8ENeELdsbRtTOiiLQhbm3ThUhHmAeAfeCjyU-YPMuRn2-XGH ] * Home energy efficiency credits end December 31 [https://www.wfmz.com/states/north_carolina/reagan-era-credit-pumps-billions-into-north-carolina-housing/article_13b97c09-28d1-5de4-8460-3275faf40501.html ] 🎙️ Brought to you by Fallbrook Financial Services Fallbrook Financial Services is one of the largest state tax credit brokerages in the U.S., having placed over $6 billion in credits across renewable energy, housing, film, brownfields, and more. If you are buying, selling, or strategizing around credits, visit www.fallbrookfinancialservices.com [http://www.fallbrookfinancialservices.com] or email team@fallbrookfinance.com

Incentives Rising, Credits Falling: The New Tax Credit Divide

📄 Podcast Description: This week on The Tax Credit Talk, hosts Hallie James and Parker An explore the sharp contrasts between state-level incentives and federal pullbacks, revealing how policy is reshaping investment across film, housing, brownfields, and renewable energy. 🎥 In film, California has doubled its Film and Television Tax Credit Program, fueling a surge of nearly 400% in applications and generating $1.1 billion in spending with 6,500 new jobs. The move signals the state’s aggressive push to remain the global production hub. 🌱 In community revitalization, Connecticut towns Ansonia and Shelton are leveraging $40 million in grants to clean up brownfield sites, launching projects like a 3.9 MW fuel cell facility that pairs economic development with energy generation—building on success stories that have already attracted $100 million in private investment. 🏘️ In affordable housing, the One Big Beautiful Bill Act permanently lowered the 4% LIHTC bond test from 50% to 25%, a sweeping change already prompting California, Georgia, and Wisconsin to adopt new rules capping bond requests and incentivizing smaller allocations. Developers must now rethink financing strategies to keep projects moving. ⚡ In renewable energy, federal support is shrinking as the Trump administration rolls back wind and solar subsidies, halts leasing, cancels projects, and adds tougher requirements on costs and reviews. The result is a stark divergence—states driving growth with aggressive incentives while federal policy retrenches. 🧩 Inside the episode: * California doubles film credits, sparking $1.1B in activity [https://business.ca.gov/nearly-two-dozen-tv-projects-to-bring-in-1-1-billion-to-californias-economy-thanks-to-the-governors-newly-expanded-film-and-television-tax-credit-program/?utm_source=chatgpt.com] * Brownfield cleanups in Ansonia and Shelton fuel revitalization [https://www.smartgrowthamerica.org/knowledge-hub/news/revitalizing-communities-support-the-brownfields-redevelopment-tax-incentive/?utm_source=chatgpt.com] * LIHTC bond test drops to 25%, reshaping housing finance [https://www.novoco.com/notes-from-novogradac/california-other-states-begin-to-implement-new-25-test-for-4-lihtc-and-bond-developments?utm_source=chatgpt.com] * Federal pullbacks hit renewable energy hard with new cancellations and rules [https://www.reuters.com/sustainability/boards-policy-regulation/timeline-trumps-moves-dismantle-us-wind-solar-energy-industries-2025-08-26/?utm_source=chatgpt.com] 🎙️ Brought to you by Fallbrook Financial Services Fallbrook Financial Services is one of the largest state tax credit brokerages in the U.S., having placed over $6 billion in credits across renewable energy, housing, film, brownfields, and more. If you are buying, selling, or strategizing around credits, visit www.fallbrookfinancialservices.com [http://www.fallbrookfinancialservices.com?utm_source=chatgpt.com] or email team@fallbrookfinance.com.

From Bonds to Blockbusters: Tax Credits Reshaped

📄 Podcast Description: This week on The Tax Credit Talk, hosts Hallie James and Parker An explore a packed lineup of federal and state developments reshaping housing, film, brownfield, and renewable energy credits. From California’s bold film funding expansion to new federal rules on bond thresholds and renewable construction tests, the landscape is shifting fast. 🏘️ In affordable housing, Congress has permanently lowered the private activity bond financing threshold for 4% LIHTCs from 50% to 25%. California quickly adopted new rules to encourage smaller bond requests and add incentives like higher developer fees and tiebreaker advantages, while Ohio and Georgia continue to expand their state programs to add thousands of units despite local challenges. 🎥 In film, California doubled its Film and Television Tax Credit program from $330 million to $750 million annually through 2030, making credits refundable and adding diversity incentives. The impact has been immediate, with a 400% surge in applications and billions in projected spending and job creation. 🌱 In brownfields, Congress reintroduced and extended the Brownfields Redevelopment Tax Incentive (H.R. 15), allowing developers to deduct cleanup costs through 2028. The goal is clear—spur private investment, create jobs, and bring contaminated sites back into productive use. ⚡ In renewable energy, the IRS issued Notice 2025-42, eliminating the 5% safe harbor for most projects after September 2, 2025, and requiring developers to meet the more stringent physical work test to qualify under Sections 45Y and 48E. Smaller solar projects under 1.5 MW will still have access to the safe harbor, but larger developments face a tougher path to eligibility. 🧩 Inside the episode: * LIHTC bond threshold drops to 25% [https://www.novoco.com/notes-from-novogradac/california-other-states-begin-to-implement-new-25-test-for-4-lihtc-and-bond-developments ] * California, Ohio, and Georgia reshape housing credit programs [https://www.taxcreditadvisor.com/articles/state-tax-credit-roundup/ ] * California doubles film funding to $750M annually [https://www.sagaftra.org/thank-you-keeping-california-rolling ] * Brownfields tax incentive extended through 2028 [https://codifylegalpublishing.com/blog-article/codify-analysis-of-brownfields-redevelopment-tax-incentive-reauthorization-act-of-2025-us-119th-congress ] * IRS tightens renewable energy safe harbor rules [https://www.sidley.com/en/us/ourstory/aboutsidley ] 🎙️ Brought to you by Fallbrook Financial Services Fallbrook Financial Services is one of the largest state tax credit brokerages in the U.S., having placed over $6 billion in credits across renewable energy, housing, film, brownfields, and more. If you are buying, selling, or strategizing around credits, visit www.fallbrookfinancialservices.com [http://www.fallbrookfinancialservices.com] or email team@fallbrookfinance.com.