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WRIT OF CERTIORARI PETITION FILED IN BOARDWALK HALL CASE

Monday, January 21, 2013 - 8:00AM

Counsel for Historic Boardwalk Hall LLC (HBH) and the New Jersey Sports and Exposition Authority (NJSEA) on Jan. 17 filed in the U.S. Supreme Court a Petition for Writ of Certiorari to the 3rd Circuit Court. By filing the petition, HBH and NJSEA are asking the U.S. 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. HBH and NJSEA seek a reversal of the 3rd Circuit Court’s opinion. The Supreme Court must now decide if it will hear the case.


Tune in to the Jan. 29 Tax Credit Tuesday podcast to hear more about the petition.

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