Historic Rehabilitation Tax Credits

Understand the latest updates to the Federal Historic Rehabilitation Tax Credit, including strategies to monetize the tax credits.

The Federal Historic Rehabilitation Tax Credit (HTC) has grown into a key financing tool for economic development, historic preservation and neighborhood revitalization. Combined in many areas with available state historic rehabilitation tax credits, HTCs have been used to rehabilitate historic city centers, theatres, warehouses and other historic buildings across the country.

This live webinar will start with the basic tax and regulatory framework for HTCs. We will also explore the basic deal structures being used today, as well as discuss potential stumbling blocks, including recapture risks and tax exempt structuring issues. We will discuss several recent court cases involving HTCs, including the Historic Boardwalk Hall case, and we will review and explain the recently released IRS Guidance regarding the Historic Tax Credit Safe Harbor - Revenue Procedure 2014-12. The webinar will explain how to monetize the tax credits from both the developer and the investor perspective following the recent IRS Guidance, and will conclude with a brief discussion of other tax incentives that can be used in conjunction with HTCs.

At the conclusion of this live webinar, you will have an understanding of the tax/regulatory rules and structures being used in conjunction with this tax incentive, strategies for monetizing the HTCs to bring needed capital into projects, information of how best to use HTCs for both large and small projects, as well as the most up-to-date knowledge regarding Revenue Procedure 2014-12, the recently released "safe harbor" guidance from the IRS.

Learning Objectives

- You will be able to describe the basic terms and transaction structures for historic tax credit projects.

- You will be able to discuss the accounting framework for historic tax credit transactions.

- You will be able to explain investing and developing historic tax credit projects.

- You will be able to review the structure of the tax credit and have an understanding of the recent IRS Guidance, Revenue Procedure 2014-12.