See Credit Details Below
Overview
The federal Historic Tax Credit, set forth in Section 47 of the Internal Revenue Code, was enacted in 1976 as an incentive to preserve and rehabilitate America’s historic structures. Administered by the National Park Service, the Historic Tax Credit (HTC) is a dollar-for-dollar tax credit, providing a 20% credit on qualified rehabilitation expenditures. The HTC is a formidable ally of sustainability and community revitalization – creating jobs and affordable housing in communities throughout the United States.
Faculty will discuss the following topics:
- Overview of the Historic Tax Credit (5 minutes)
- The HTC and sustainability, job creation and community revitalization (8 minutes)
- Application process and what qualifies as a certified rehabilitation (5 minutes)
- Substantial rehabilitation and qualified rehabilitation expenditures (8 minutes)
- Credit recaptures (5 minutes)
- Market overview (5 minutes)
- Integrating HTCs with other federal and state tax incentives (8 minutes)
- Example HTC credit hybrid structure (16 minutes)
Program Level: Overview
Prerequisites: None
Advanced Preparation: None
Faculty:
Julia Fendler
Butler Snow LLP
A. Ann Hered
Butler Snow LLP
Thane R. Hodson
Butler Snow LLP