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Novogradac Journal of Tax Credits Volume 11 Issue 9
Abridged version of the September 2020 issue of the Novogradac Journal of Tax Credits. For more content, please subscribe to the Journal.
Articles
As the solar asset class has continued to develop and mature over the past 10 years many large and small corporate and other institutional investors have made significant solar tax equity investments in transactions structured to efficiently monetize the 30 percent investment tax credit (ITC).
In a year of unexpected twists and turns, state historic tax credits (HTCs) are no exception. In a normal year, state HTCs are impacted by lesser ups and downs of the state budget process, but as the need for economic stimuli and the appearance of confidence grows more urgent, it has been a year of surprises and reform for some of these programs.
COVID-19 is requiring owners and architects to look at ways to provide a healthier, safer and more efficient work environment for employees and since the onset of the coronavirus in the United States, we have been in constant communication with architects, developers and commercial real estate leaders to understand how the pandemic has impacted the various real estate sectors.
Legislators, policymakers and stakeholders at the Novogradac 2020 Opportunity Zones Virtual Conference in July discussed opportunity zones (OZ) legislation, reporting requirements, guidance and the evolving marketplace–all in the context of how the OZ incentive can play a role in strengthening communities and the economy.
The growing possibility that Democrats could sweep the House, Senate and White House has broad implications, including for federal tax policy.
News Briefs
Rep. Sean Casten, D-Ill., July 6 introduced the Energy Tax Credit Direct Payment Act of 2020 (H.R. 7491) to revive the Section 1603 program of the American Recovery and Reinvestment Act of 2009.
The Internal Revenue Service July 30 published Notice 2020-58 to provide additional COVID-19 relief to taxpayers in satisfying the substantial rehabilitation test for the historic tax credit (HTC).
The Community Development Financial Institutions (CDFI) Fund July 21 announced it extended the deadline to submit feedback on several applications and reports until Nov. 5.
The U.S. Department of Housing and Urban Development (HUD) published in the July 15 Federal Register a notice implementing the Housing Choice Voucher (HCV) mobility demonstration.
The Mississippi Home Corporation announced July 29 that it will permit electronic records in response to the impact of the COVID-19 pandemic.