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)
Who Should Attend: In-house counsel, outside attorneys, tax, finance, compliance, and other allied professionals interested in learning more about the federal Historic Tax Credit
Program Level: Overview
Prerequisites: None
Advanced Preparation: None
Faculty:
