APPEALS COURT REVERSES HISTORIC TAX CREDIT FUND DECISION
The U.S. Court of Appeals for the Fourth Circuit today published an opinion in the case of Virginia Historic Tax Credit Fund v. Commissioner of Internal Revenue that reverses the December 2009 U.S. Tax Court opinion. The reversal could have significance for historic tax credit transactions, especially those involving state tax credits.
Today’s ruling, and what it means for historic tax credit development, will be discussed at The National Historic Tax Credit Conference: Credits and Capital on April 7-8 in Cleveland. It’s not too late to register!
Questions about the ruling can also be directed to Thomas Boccia, CPA, at 216-298-9000 or [email protected].