Historic Tax Credits: Federal Tax Issues for Investors and Developers

Navigating IRS Qualifications, Structuring Deals After Historic Boardwalk Hall, and Pairing With Other Tax Credits

Recording of a 110-minute CLE/CPE webinar with Q&A


Conducted on Tuesday, November 27, 2012

Recorded event now available

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Program Materials

This teleconference will provide counsel with an overview of the historic tax credit, the impact of Historic Boardwalk Hall on current deal terms and structures, and combining with other tax credit programs. The panel will discuss best practices for structuring projects to ensure compliance with IRS program requirements.

Description

Federal and state historic tax credits (HTCs) are a vital tool to stimulate private investment in the cleanup and rehabilitation of historical properties. The HTC is commonly used in conjunction with developmental loans/grants and other tax credits such as new market and low-income housing tax credits.

The IRS recently scored a victory with the Third Circuit's Historic Boardwalk Hall ruling that disallowed a syndication of tax credits.

This ruling has prompted investors and tax advisors to reevaluate current deal terms and deal structures. The case could have broad implications for the future of HTC transactions, as well as the renewable energy tax credit and the affordable housing tax credit.

Listen as our authoritative panel of experienced tax practitioners guides you through the federal and state historical tax credit programs to leverage tax credits to finance community development projects.

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Outline

  1. Overview of historic tax credits
    1. Qualified properties and expenditures
    2. Calculation of tax credit
    3. IRS requirements and guidelines
  2. Analysis of Historic Boardwalk Hall and other IRS challenges
  3. Deal terms and structures post-Boardwalk
  4. Pairing with low-income housing or new market tax credits

Benefits

The panel will review these and other key questions:

  • What are common deal structures and terms for HTC transactions?
  • What will be the impact of the Historic Boardwalk Hall ruling on current HTC transactions?
  • How can HTC best be paired or combined with other tax credits?

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

Faculty

Penny S. Indictor
Penny S. Indictor

Partner
Berman Indictor & Poppel

She focuses her practice on various aspects of federal income taxation, including partnership taxation, real estate...  |  Read More

Daniel J. Kolodner
Daniel J. Kolodner

Senior Counsel
Klein Hornig

Mr. Kolodner focuses his practice on community development projects utilizing tax credit financing.  He...  |  Read More

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