May 21, 2020 The IRS has recently released proposed regulations that clarify how to calculate and account for the federal Historic Tax Credit (HTC) when received over a five-year period. In 2017, the Tax Cuts and Jobs Act (TCJA) significantly changed several aspects of the HTC.
Members of Congress, both in Washington and from afar, are currently considering support for a future infrastructure stimulus bill to assist with long-term economic recovery. Most legislators agree there will be a significant economic recovery bill initiated by both chambers.
On March 27, the President signed into law the historic $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act in response to the pandemic our world is facing.
On March 27, the President has signed into law a historic $2 trillion economic stimulus package in response to the pandemic our world is facing.
To all that we serve, In response to this historic moment our world is facing, we at NTCIC want you to know we are still hard at work, saving places, supporting communities, and fighting for a sustainable future.
March 2020: Last week, the National Park Service released the Federal Tax Incentives for Rehabilitating Historic Buildings Annual Report for Fiscal Year 2019.
NTCIC is happy to announce the successful financing of three historic projects through the Irvin Henderson Main Street Revitalization Fund.
February 2019: After a roller-coaster ride of negotiations, Congress passed a $1.4 trillion year-end budget bill, which the President signed into law in December 2019. The bill included several tax provisions in addition to appropriations.
NTCIC will be attending the upcoming Novogradac New Markets Tax Credit Conference from January 30 – 31 to connect with industry colleagues, discuss the deployment of the Irvin Henderson Main Street Revitalization Fund, and the future of the incentive.
NTCIC President Joins Patrick Robertson of Confluence Government Relations to Discuss Legislative Updates for the HTC in the December Issue of the Novogradac Journal of Tax Credits Originally featured in the Novogradac Journal of Tax Credits When most Americans think of Washington, D.C.