Archive

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.

In March, federal lawmakers passed a record-breaking economic stabilization package of over $2 trillion to support businesses and communities affected by the COVID-19 pandemic.

March 2020: Last week, the National Park Service released the Federal Tax Incentives for Rehabilitating Historic Buildings Annual Report for Fiscal Year 2019.

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 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.

A First-Hand Look at Project Impacts As part of our fall board meeting, NTCIC’s board of directors recently visited several NTCIC projects, gaining a first-hand look at the full life cycle of the impact of these Historic Tax Credit (HTC) and New Markets Tax Credit (NMTC) investments.

November 4, 2019 –  NTCIC is pleased to announce the successful closing on historic financing for the POST Houston revitalization in downtown Houston, Texas. NTCIC syndicated the federal Historic Tax Credits (HTCs) earned by the project which generated over $23.7 million in equity.

October 22, 2019 — NTCIC wishes to congratulate board member Larry Curtis on his recent receipt of the President’s Award for Excellence during the 31st annual Preservation Achievement Awards hosted by the Boston Preservation Alliance.

On Wednesday, October 16, Senator Cassidy (R-LA), Senator Cardin (D-MD), Senator Collins (R-ME) and Senator Cantwell (D-WA) introduced the Senate version of the Historic Tax Credit Growth and Opportunity Act (HTC-GO), S. 2615.