Senator Schumer and Cardin Introduce SA-3183 to Prohibit Retroactive Application of Revenue Procedure 2014-12 to Close HTC Transactions

In reaction to recent IRS audit activity on closed Historic Tax Credit transactions, the HTCC has worked with Senator Schumer and Cardin to draft an amendment to clarify that Revenue Procedure 2014-12 may not be applied to projects closed prior to the issuance of the Procedure… Read More