State Historic Tax Credits

Wednesday, September 26, 2018 - 1:00pm to 5:00pm

« Back to Novogradac 2018 Historic Tax Credit Conference

Separate registration is required: $350


*Agenda subject to change. 2015 agenda provided below for reference.

1-1:05 p.m.Introduction
1:05 - 1:50 p.m.

State Credit Programs

Join our panelists as they discuss the existing state HTCs programs and how they compare to the Federal program.   Panelists will also provide an in-depth discuss on the more recent Texas HTC program.

  • Existing State Programs
  • Allocated vs Certificated Credits
  • Ohio HTC Program
  • The new Texas HTC Program
1:50-2 p.m.Break
2-2:50 p.m.

Court cases & other rulings

Our experts will dive into recent key court cases, including the Virginia Historic Tax Credit v Commissioner, which involved state historic tax credit transactions.  Learn about the outcomes of these cases and their impact on today’s structuring of tax credit transactions. 

  • Route 231
  • SWF Real Estate / Yellowfish Investment
  • Rev Proc. 2014-12 (safe harbor)
  • Impacts on today’s structures
2:50-3 p.m.Break
3-3:50 p.m.

Types of State Credits and Investor Impacts

Panelists will discuss the differences between an allocated tax credit and a certificated tax credit, how they impact deal structuring and the tax impacts to both the investor and the project.  This panel will also discuss the various types of state tax credit investors and what drives state tax credit pricing.

  • Tax liability in a given state
  • Refundable credits
  • Using Not-for-profits
  • Federal impact on investor using state credits (loss of tax deduction)
  • Alternative investors – insurance companies, individuals (at risk considerations)
3:50-4 p.m.Break
4-5 p.m.

Overview of transaction structures

Learn how to structure your project using state HTCs.  Join our panelists as they discuss various tax structures used to monetize federal and state HTCs using single or multiple investors.   This panel will also discuss how a transaction with both federal and state HTCs could be combined with New Markets Tax Credits.

  • Walk through of St Anthony transaction
  • Walk through of 2 other Fed/State transactions
  • Combining NMTCs and HTCs (federal and state HTCs)