Part of a multi-building complex in downtown Winston-Salem, NC, Wake Forest Biotech Place is a 242,000 square foot historic structure comprised of a former R.J. Reynolds Tobacco Co. warehouse that has been redeveloped in a $90 million project to a modern biotech research facility… Read More »
The renovation of the landmark Wrigley Building along Chicago’s Magnificent Mile has brought new life to one of the city’s most iconic structures. The $70 million project, which included federal historic tax credit financing… Read More »
Minneapolis-based developer Dominium transformed the long-vacant Schmidt Brewery complex in St. Paul into 507 units of artist live/work and loft apartments. The historic Schmidt Brew House and Bottle House comprised more than 400,000 square feet of space… Read More »
The Kress at Third & Main Project is comprised of three buildings on the National Register of Historic Places. Cyntreniks completed rehabilitation of the three properties in 2009 into a single multi-use building… Read More »
The Kress at Third & Main - Baton Rouge, LA Read More »
ABOUT THE COALITION
The Historic Tax Credit Coalition (HTCC) is a diverse group of historic tax credit industry stakeholders that recognize the importance of the federal Historic Tax Credit (HTC) and work with Congress and the Executive Branch to improve and expand the use of this important economic development tool. Learn more »
As Congress continues to debate tax reform following the release of the House Republican Tax Reform Blueprint, the need for advocacy to preserve the Historic Tax Credit is imperative. Soon, all eyes will turn to a new president’s tax agenda. “Take Action” to ensure that the Historic Tax Credit remains in the U.S. tax code.
On July 22, 2016 the Internal Revenue Service (IRS) published in the Federal Register a Temporary Regulation dealing with so-called Section 50(d) income generated by the Master Tenant legal structure. The Regulation is called “Income Inclusion When Lessee Treated as Having Acquired Investment Credit Property” and can be found here. The Regulation does three things: 1.)… Read More » Read More »
On July 22, 2016 the IRS published a temporary regulation on 50(d) income.
Statement Media Contact: andy grabel, 202.588.6025, firstname.lastname@example.org national trust: tax reform should Retain the federal historic tax credit Statement by Stephanie K. Meeks, president of the National Trust for Historic Preservation and John Leith-Tetrault, Chairman of the Historic Tax Credit Coalition Washington (June 24, 2016) – The Republican tax reform task force in the… Read More » Read More »
In March 2015, The National Park Service (NPS) released the Federal Historic Tax Credit Program Annual and Statistical Reports for Fiscal Year 2014, highlighting 1,156 proposed rehabilitation projects and $5.98 billion in rehabilitation work. To view the report, please click the below link. http://www.nps.gov/tps/tax-incentives/taxdocs/tax-incentives-2014annual.pdf Read More »
In March 2015, The National Park Service (NPS) released the…
The recession is finally over for the federal historic tax credit (HTC). It took five years to recover, but annual report statistics recently released by the National Park Service (NPS) indicate that HTC private investment volume has finally… Read More »
The recession is finally over for the federal historic tax credit (HTC)…
On January 8, 2014, Treasury and the IRS issued Rev. Proc. 2014-12, 2014-3 IRB 415, establishing a safe harbor for federal historic tax credit (HTC) investments made within a single tier or through a master… Read More »