Court Rules Previous HTC Investments Not Relevant in Breach-of-Contract Case

Wednesday, November 6, 2019 - 11:30am

A U.S. District Court ruled this week that a company’s previous historic tax credit (HTC) investments and dealings with the Internal Revenue Service (IRS) concerning those investments are not relevant to a current breach-of-contract lawsuit. The U.S. District Court for the Middle District of Louisiana concluded in Chevron TCI Inc. v. Capitol House Hotel Manager LLC et al, that IRS audits of Capitol House in unrelated HTC developments were not relevant in the case.