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Sponsored by Lorman Education
Only registered attendee will receive continuing education credit.
Product ID: 405119
 
Credit & Course Provided by:

Federal Tax Incentives for Historic Preservation

Live Webinar
March 25, 2019
1:00 pm ET (12 pm CT, 11 am MT, 10 am PT)
1 hour 30 minutes
Live Webinar$219Register Now
Can't Attend?   Audio & Reference Manual$219Add to Cart

Gain an understanding of the tax/regulatory rules used with this tax incentive and how best to use HTCs for both large and small projects.

The Federal Historic Rehabilitation Tax Credit (HTC) has grown into a key financing tool for economic development, historic preservation and neighborhood revitalization. Combined in many areas with available state historic rehabilitation tax credits, HTCs have been used to rehabilitate historic city centers, theatres, warehouses and other historic buildings across the country. This topic will start with the basic tax and regulatory framework for HTCs. Explore the basic deal structures being used today, as well as discuss potential stumbling blocks, including recapture risks and tax exempt structuring issues. Discuss several court cases involving HTCs, including the Historic Boardwalk Hall case. IRS Guidance regarding the Historic Tax Credit Safe Harbor - Revenue Procedure 2014-12, 50(d) income issues and recent changes made to the program by the Tax Cuts and Jobs Act of 2017. The topic will explain how to monetize the tax credits from both the developer and the investor perspective following the recent IRS Guidance, and will conclude with a brief discussion of other tax incentives that can be used in conjunction with HTCs. Gain an understanding of the tax/regulatory rules and structures being used in conjunction with this tax incentive, strategies for monetizing the HTCs to bring needed capital into projects, information how best to use HTCs for both large and small projects, the most up-to-date knowledge regarding Revenue Procedure 2014-12, 50d income issues, the tax transition rules and updates to the program made by the recent tax legislation.

Learning Objectives

  • You will be able to describe the basic terms and transaction structures for historic tax credit projects.
  • You will be able to discuss the transition rules and changes made to the program under the Tax Cuts and Jobs Act of 2017.
  • You will be able to explain investing and developing historic tax credit projects.
  • You will be able to review the structure of the tax credit and have an understanding of the recent IRS Guidance, Revenue Procedure 2014-12.

Registration

Live Webinar$219Register Now
Can't Attend?   Audio & Reference Manual$219Add to Cart