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Economic and Community Development

Economic and Community Development

TFG will be hosting a comprehensive hour-long webinar on the Environmental Protection Agency’s (EPAs) Brownfield Grant programs on October 9, 2019 at 2 PM EST. The EPA is expected to release the FY 2020 solicitations for Brownfields during the Fall of 2019.

A brownfield is a property, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant. Brownfields Programs prime communities for economic development through providing funding to prevent, assess, safely clean up, and sustainably reuse brownfields. The webinar will cover in-depth three specific Brownfields programs:

  • Assessment Grants
  • Cleanup Grants
  • Multipurpose Grants

TFG will help attendees to understand the basis for each program and discuss eligibility requirements, priority projects, and tips for submitting a successful application. The webinar will also cover the recent changes to the Federal Brownfields Law and prepare applicants to make any necessary changes to previously submitted applications.

The webinar will be hosted by Karl Kalbacher, PG, TFG’s Director of Grants, and expert in Brownfield applications.

Click here to register today or contact your client manager for questions.

David Hoover will be speaking at two conferences in the months ahead and invites you to join him. On September 26, he will be at the National Association of Telecommunications Officers and Advisors (NATOA) annual conference in Tampa. On October 30, he will be on a panel at the Broadband Communities (BBC) Summit in Alexandria, VA that will explore the impact of public-private partnerships and broadband deployment. 

U.S. Transportation Secretary Elaine Chao announced the full list of recipients of $1.475 billion in fiscal year 2018 funding for 91 individual grants under the Department’s BUILD surface transportation grant program (formerly known as TIGER grants).
If You're Not Already Preparing for Revenue Raisers, You're Not Doing It Right

The Department of the Treasury is steadily making progress on writing guidance for the Tax Cuts and Jobs Act and have announced a tentative release schedule: June/July for the passthrough deduction, late summer/early fall for the new limitations on interest expense, and December for the big international provisions (e.g. GILTI and BEAT).

 

In the meantime, the Committee on Ways and Means is contemplating a second round of tax cuts, or Tax Reform 2.0 as they like to call it. They are aiming to make permanent the new individual provisions as well as full expensing for businesses.
The IRS ruled that taxpayers who prepaid their 2018 property taxes may still be able to deduct the entire amount from their 2017 federal taxes without regard to the $10,000 limit imposed by the Tax Cut and Jobs Act.
As you know, both corporate and individual tax rates were reduced in last year’s Tax Cuts and Jobs Act. Lower tax rates make tax-exempt vehicles like municipal bonds less attractive to both corporate and individual investors; with lower tax rates, they have less incentive to look for tax-exempt investments. Reduced demand for municipal bonds and other tax-exempt investment vehicles like private activity bonds (PABs) means that cities will have to increase the interest rates on new bond issues in order to attract investors.
With the omnibus having been passed by Congress, substantive legislative work will wind down until after the elections in November. There are, however, a few outstanding tax/financial issues to note.
Despite a strong last minute effort, Rep. Kristi Noem (R-SD) did not succeed in getting her Remote Transactions Parity Act (RTP) into the omnibus package passed today by the House and expected to be passed by the Senate by Friday.
Congress has officially passed H.R. 1, the Tax Cut and Jobs Act. After making a few last minute changes to accommodate Senate rules and procedures, Senate Republicans passed the bill Tuesday night along party lines, 51-48. Today, the House passed the bill with those changes by a vote of 224-201.
TFG to Host Webinar on FY 2017 Brownfields Grant Program
Join us for an informative webinar on the Environmental Protection Agency's FY 2017 Brownfields Grant Program. The EPA recently announced the FY 2017 Brownfields Area-Wide Planning Grant with proposals due on August 10, 2016. The agency is expected to release solicitations for the Brownfields Assessment, Revolving Loan Fund, and Cleanup Grants this fall. The webinar will be held on Thursday, June 30 from 2:00 - 3:00pm EST.

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