The Tax Credit Talk

Incentives Rising, Credits Falling: The New Tax Credit Divide


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šŸ“„ 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.

šŸŽ„ 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.

šŸ˜ļø 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
  • Brownfield cleanups in Ansonia and Shelton fuel revitalization
  • LIHTC bond test drops to 25%, reshaping housing finance
  • Federal pullbacks hit renewable energy hard with new cancellations and rules

šŸŽ™ļø 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
or email [email protected].

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The Tax Credit TalkBy Fallbrook Financial Services