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News Historic Tax Credit NTCIC

November 9, 2020 The National Park Service (NPS) has released the 2019 Economic Impact Report for the federal Historic Tax Credit (HTC), providing an in-depth look at how the program has positively supported communities nationwide this past year and since it’s inception over 40 years ago.

News Historic Tax Credit NTCIC

September 21, 2020 Negotiations on the COVID-19 relief bill continue to stall despite President Trump attempting to breathe new life into these discussions last week.

News Historic Tax Credit NTCIC

Congressional leaders and the Trump Administration have failed to reach an agreement on the emerging COVID-19 legislation. House and Senate leadership released congressional members to go home and campaign until after Labor Day.

News Historic Tax Credit NTCIC

To provide additional relief to taxpayers impacted by the pandemic, the IRS recently published a notice which extends the measuring period used in satisfying the substantial rehabilitation (“outlooksub rehab”) test requirement for historic tax credits.

News Historic Tax CreditIndustry/Other NTCIC

Monday, July 27th, Senate Republicans released a proposed $1 trillion COVID-19 relief bill, with support from House Republican Leadership and the White House.

News Historic Tax Credit NTCIC

Take Action to support these infrastructure provisions in the Senate and share HTC projects impacted by the pandemic that would benefit from temporary HTC provisions in emerging COVID-19 relief legislation. July 1, 2020 The U.S. House of Representatives passed the Moving Forward Act (HR 2), a $1.

News Historic Tax Credit NTCIC

June 22, 2020 House Democrats unveiled the Moving Forward Act (HR 2), a $1.5 trillion infrastructure bill, which is anticipated to come to a vote before July 4th.

News Historic Tax Credit NTCIC

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.

News Historic Tax Credit NTCIC

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.

Events Historic Tax CreditIndustry/Other NTCIC

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.