Advocacy

Lawmakers Encourage Expansion of CRA Credits for Historic Tax Credit Investments

April 27, 2015

On April 20, 2015, Representatives Earl Blumenauer and Richard Neal submitted a letter to the Federal Reserve and Federal Deposit Insurance Corporation asking the agencies to consider expanding and clarifying the circumstances in which a federal Historic Tax Credit investment qualifies for credits in connection with its proposed changes to the CRA Questions and Answers document language…  Read More

The Historic Tax Credit Coalition and More Than 600 Organizations Ask the Senate to Save the Tax Credit

April 22, 2015

On Wednesday, March 11, Senate Finance Chairman Orrin Hatch (R-UT) and Ranking Member Ron Wyden (D-OR) announced that the committee’s five tax reform working groups would be accepting public input through Wednesday, April 15. In response, the Historic Tax Credit Coalition submitted a letter of support for the Historic Tax Credit to the Community Development and Infrastructure Working Group. The letter was signed by more than 600 organizations…  Read More

HTCC Asks IRS to Provide Guidance on Accounting Treatment for Section 50(d) Income

January 8, 2015Category:

The IRS has informally signaled to the Historic Tax Credit Coalition at recent conferences that it intends to rule on accounting treatment for the 50(d) income that results from the use of the Master Tenant legal structure. In order to shape this impending guidance, the Historic Tax Credit Coalition asked the IRS to place this issue on its FY15 Priority Guidance List… Read More

Lawmakers Encourage Expansion of CRA Credits for Historic Tax Credit Investments

April 27, 2015

On April 20, 2015, Representatives Earl Blumenauer and Richard Neal submitted a letter to the Federal Reserve and Federal Deposit Insurance Corporation asking the agencies to consider expanding and clarifying the circumstances in which a federal Historic Tax Credit investment qualifies for credits in connection with its proposed changes to the CRA Questions and Answers document language…  Read More

The Historic Tax Credit Coalition and More Than 600 Organizations Ask the Senate to Save the Tax Credit

April 22, 2015

On Wednesday, March 11, Senate Finance Chairman Orrin Hatch (R-UT) and Ranking Member Ron Wyden (D-OR) announced that the committee’s five tax reform working groups would be accepting public input through Wednesday, April 15. In response, the Historic Tax Credit Coalition submitted a letter of support for the Historic Tax Credit to the Community Development and Infrastructure Working Group. The letter was signed by more than 600 organizations…  Read More

HTCC Asks IRS to Provide Guidance on Accounting Treatment for Section 50(d) Income

January 8, 2015Category:

The IRS has informally signaled to the Historic Tax Credit Coalition at recent conferences that it intends to rule on accounting treatment for the 50(d) income that results from the use of the Master Tenant legal structure. In order to shape this impending guidance, the Historic Tax Credit Coalition asked the IRS to place this issue on its FY15 Priority Guidance List… Read More