HTCC Submits Opportunity Zone comments
December 29, 2018The Historic Tax Credit Coalition, through its Chair Merrill Hoopengardner and Vice Chair Forrest Milder, submitted comments to the Department of the Treasury to encourage Treasury to address the Historic Tax Credit in its new guidance on Opportunity Zones. The letter (which is available below) addresses issues such as active trade or business rules, safe harbor rules, phased rehabilitation treatment, the treatment of income from consistent activities, basis reduction, and others.
We will continue to engage with Treasury through the rulemaking process on these issues.
HTCC Treasury Letter Regarding Opportunity Zones
Category: Tax Credit News / IRS News
HTCC Submits Opportunity Zone comments
December 29, 2018The Historic Tax Credit Coalition, through its Chair Merrill Hoopengardner and Vice Chair Forrest Milder, submitted comments to the Department of the Treasury to encourage Treasury to address the Historic Tax Credit in its new guidance on Opportunity Zones. The letter (which is available below) addresses issues such as active trade or business rules, safe harbor rules, phased rehabilitation treatment, the treatment of income from consistent activities, basis reduction, and others.
We will continue to engage with Treasury through the rulemaking process on these issues.
HTCC Treasury Letter Regarding Opportunity Zones
Category: Tax Credit News / IRS News