TAXPAYER BRIEF FILED IN HISTORIC BOARDWALK HALL TAX CREDIT CASE
The New Jersey Sports and Exposition Authority yesterday filed an appellee brief with the Third Circuit Court of Appeals in Historic Boardwalk Hall LLC v. Commissioner. The Internal Revenue Service in April appealed a U.S. Tax Court decision to allow the Historic Boardwalk Hall partnership to claim federal historic rehabilitation tax credits. In November, the appellate court granted an extension until December 15 for taxpayer briefs in the appeal. Read more about the appeal in this month’s issue of the Novogradac Journal of Tax Credits.