Cigar Factory | Charleston, SC
Making headlines around the country, the big change to the federal historic tax credit has people talking and speculating. The tax credit itself was saved, which was welcomed with a collective sigh of relief from preservationists, developers, architects, and community leaders across the nation; however, the effect of one major change requiring owners to take the credit over five years instead of the first year has been the speculation of national and local news media and industry leaders over the last two months.
We don't have all the answers on what the outcome of the change will be yet, but in the February 2018 issue of the Novogradac Journal of Tax Credits, we examine how state historic tax credit programs that have equal installment strcutures have fared and what we can learn from them.
Read the full story here |
What State HTCs with Equal Installment Structures Tell Us About the New Federal HTC Rules