Novogradac Journal of Tax Credits Volume 13 Issue 8

Abridged version of the August 2022 issue of the Novogradac Journal of Tax Credits. For more content, please subscribe to the Journal.

Authors:

Novogradac

Articles

What HTC Developers Need to Know About Evaluating and Negotiating Term Sheets

Thomas Boccia, CPA

Friday, August 5, 2022

So you plan on rehabilitating a historic building and have begun the process of exploring the opportunity of monetizing the historic tax credits (HTCs) the rehabilitation can generate by obtaining equity from a HTC investor as part of the development project’s overall sources of capital.

Shela Zhou

Thursday, August 4, 2022

Question: What state tax issues does a community development entity (CDE) need to consider and how should they be addressed?

Mark Shelburne

Wednesday, August 3, 2022

Sometimes potentially stressful situations–such as major staffing changes–can be an opportunity to improve existing systems. Novogradac Consulting LLP assisted the Arizona and Kansas low-income housing tax credit (LIHTC) allocating agencies to rewrite their qualified allocation plans (QAPs) from scratch, starting from what was truly a blank page. In each instance the catalyst for doing so was consequential staff turnover. At the same time, both agencies also saw a chance to improve their processes and outcomes.

Doug Sellers, CPA

Tuesday, August 2, 2022

Economically distressed communities received a powerful investment tool with the passage of tax reform legislation under the Tax Cuts and Jobs Act of 2017: the opportunity zones (OZ) incentive. Third-party assistance is a key pathway to remaining in compliance.

Michael J. Novogradac, CPA

Monday, August 1, 2022

A 15% global minimum tax (GMT)–agreed to in principle by more than 135 nations that represent more than 90% of the world’s gross domestic product–could increase worldwide tax revenue by $150 billion annually.