NPS PROPOSES CHANGES TO HISTORIC CERTIFICATION REGULATIONS
The National Park Service (NPS) today proposed amending its procedures for obtaining historic preservation certifications for rehabilitation of historic structures. The proposed rule published in today's Federal Register incorporates references to the revised sections of the Internal Revenue Code containing the requirements for obtaining a tax credit; replaces references to NPS's regional offices with references to its Washington Area Service Office (WASO); requires NPS to accept appeals for denial of certain certifications; and removes the certification fee schedule from the regulation. Comments on the proposed rule will be accepted until December 14, 2010.
Tune in to the October 19 Tax Credit Tuesday podcast to hear Michael J. Novogradac, CPA, discuss the proposed rule and other news of interest to the tax credit community.