Treasury takes an important first step in bringing clarity to the QOZ program.
The Proposed Regulations provide a 31-month grace period for development of a QOZ Business -
The treatment of land is clarified for...more
11/15/2018
/ Capital Gains ,
Community Development ,
Internal Revenue Code (IRC) ,
IRS ,
Opportunity Zones ,
Partnerships ,
Proposed Regulation ,
Qualified Opportunity Funds ,
Real Estate Investments ,
Tax Cuts and Jobs Act ,
U.S. Treasury
Trump’s Omnibus Spending Plan adopts two key provisions from the proposed Affordable Housing Credit Improvement Act that will strengthen and expand low-income housing credit.
2018 spending plan increases housing credit...more
5/8/2018
/ Affordable Housing ,
Community Development ,
Federal Budget ,
Federal Funding ,
Legislative Agendas ,
Low Income Housing ,
Low-Income Issues ,
Omnibus Guidance ,
Rental Assistance Programs ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Trump Administration
The Tax Cuts and Jobs Act contains changes impacting the LIHTC Program.
While the low-income housing tax credit program emerged largely unscathed, the reduction in corporate tax rates will reduce equity pricing. ...more
1/4/2018
/ Affordable Housing ,
Base Erosion Tax ,
Corporate Taxes ,
Depreciation ,
Income Taxes ,
LIHTC ,
Nonprofits ,
Partnerships ,
Personal Property ,
Small Business ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Reform
On December 18, Congress approved and President Obama signed into law the Consolidated Appropriations Act, 2016 (the Act). Among the 887-page budget bill’s myriad provisions is an extension of federal income tax credits for...more
To welcome in the new year, the Internal Revenue Service (the “IRS”) issued Rev. Proc. 2014-12, 2014-3 I.R.B. 415, to provide administrative guidance to the federal historic tax credit industry in the aftermath of the Third...more