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Tuesday, May 28, 2013 - 7:00AM

The U.S. Supreme Court today denied the petition for a writ of certiorari in Historic Boardwalk Hall LLC v. Commissioner. Counsel for Historic Boardwalk Hall LLC (HBH) and the New Jersey Sports and Exposition Authority (NJSEA) had petitioned the Supreme Court to review HBH v. Commissioner, in which the 3rd Circuit Court opined that the investor was not a true partner in HBH and affirmed the Internal Revenue Service administrative adjustment to reallocate the historic tax credits awarded for the renovation of a convention center. The Supreme Court’s decision today means it will not hear the case.

To discuss what this decision means for the future of historic rehabilitation activity, join historic tax credit experts at the Novogradac Historic Tax Credit Conference in Detroit, Sept. 19-20.

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