cherrytree group llc logo

Cherrytree Group LLC Blog

RSS Grab the Cherrytree Group Real Estate Blog feed

Get e-mail notifications of new blog posts! Enter email address below.


Delivered by FeedBurner

 

New Markets Tax Credit is one of Many Credits Expiring at End of Year- What do You Need to Do?

Joseph Coupal - Tuesday, September 13, 2011

...by Warren Kirshenbaum

The Community Renewal Tax Relief Act was passed in 2000. Part of that act is the New Markets Tax Credit, the purpose of which is to spur approximately $15 billion in investments into privately managed investment institutions (CDE) who in turn will make loans and capital investments to businesses in low-income communities.

The New Markets Tax Credit is one of several key business tax breaks that are set to expire at year end unless Congress acts. Businesses should be aware of the expiring tax provision. Businesses interested in investigating or applying for the New Markets Tax Credit should consult with a commercial real estate tax lawyer to determine whether they should take advantage of this tax break  and/or if they need to plan for the expiration of other tax credits which they have previously taken advantage of.

What is New Markets Tax Credit ("NMTC")? A taxpayer who holds a qualified equity investment in a qualified community development entity ("CDE") may be entitled to a NMTC of 39% of the qualified equity investment during a seven-year credit period. Under current law, the last NMTC dollar limitation is for 2011.

Comments (0) | Trackbacks (0) | Permalink

1

Recent Posts

Tags

capital raising questions, MA traditional funding news QECBs preservation of mills brownfields tax credit, CT debt-service multi-family construction business solar investment tax credit CHAPA Massachusetts Massachusetts tax credits tax credit to spur redevelopment economically distressed areas 40B credited with spurring upwards of 80% new development laws of Brownfields economy renewable energy program Quincy, MA renewable energy tax credits tax advantaged development loaning money to consumers real estate investment, Boston motion picture tax credits making money with commercial real estate 1603 Grant REITs, Boston brownfields redevelopment, CT Warren Kirshenbaum real estate investment trusts Gulf Coast victimized wind power commercial tax credits landfill gas facility real estate development tax credits on brownsfields workforce development rehabilitation credit for income producing properties tax deductions boycotting BP gas stations Massachusetts gas station owners weak economy solar power developing real estate, MA solar power initiative federal and state tax credits hydro electric power Kirshenbaum Law, Cherry Tree, LLC, Real Estate, MA banking income tax credit commercial real estate investing in apartment projects, MA brownfields tax credits small residential properties invest transfer of tax credits LIHTC new normal solar capacity BP oil spill REIT industry MGL Ch 21E monstrous oil spill private equity urban redevelpment brownfield redevelopment, CT cleantech capitals investment into business depressed and booming markets cleantech real estate projects examine tax credits borrow money free up capital new markets investments NIMBY not in my back yard EPA brownfields grant money Chapter 40B vote results low income housing tax credits business investment portability of tax credits real estate, Boston historic and low income housing community block grants solar power development expensive to produce investing in surface parking lots Brownfields sites, MA solar farms community development entity real estate properties buy real estate, MA commercial tax credit attorney equity requirements private equity offerings, ma small business investors in renewable energy how REITs works brownfields gas station loss of income destructive oil spill Broad Medows Salt Marsh tenant representative financing solar installations investment tax credits tax credit broker private equity offerings sale of a tax credit Federal Historic Rehabilitation Tax Credit biomass power fuel cells multi-family housing, MA borrowing by small businesses biomass facilities commercial tax credits, Fall River distressed asset investing oil spill new market tax credit investing in commercial real estate marine and hydrokinetic, solar new market tax credits solar pilot program brownfields, MA Brownfields Act, economically distressed areas, Massachusetts Brownfields Tax Credits, Massachusetts Contingency Plan, MGL Ch 21E, RAO, remedy operation status, renewable energy, sale of tax credits, tax advantaged development, tax credit syndication, tra investing in parking lots investments in solar energy SREC downturn new housing developments venture capital private equity' midterm elections sale of tax credits new markets solar facilities private investments distressed assets multi-family apartments small business loans tax breaks RECs real estate lawyer, MA historic preservation tax credit solar energy markets Summertime Economy in Boston renewable energy credits Commercial Real Estate Loan Amortization Periods federal tax credits tax credit investments methods of renewable energy production expiring tax credits community development financial institutions 1603 Treasury Grant private sector investment economic slump microturbines commercial tax credits, New Bedford construction jobs capital finance credit line funding distressed asset sales citizens housing and planning association REIT Brownfields Tax Credits, MA solar energy development RAO environmental projects investment objectives solar investment tax commercial properties investing in apartments, MA wind non-renewable energy sources commercial real estate lawyer business capital business loans negative environmental effect capital BP Gas station owners cleantech cities Tax Credit Louisianna Rhode Island wind energy credits tax-excempt bonds commercial real estate investment Historic rehabilitation tax credits Housing Development Incentive Program Boston capitalism energy tax credits commercial buildings commercial tax deductions foreign capital visas for buying homes polluted sites tax credit, New Bedford wind power technology non-bank resources for capital funding Transactional Law Group private equity, MA Austin renewable energy jobs declining property values renewable energy tax break brownfields tax credit, MA San Jose real estate rownfields Act LIHTC tax credits tax credits independent gas station owners american recovery and reinvestment act renewable energy facility hedging transactions market rate housing tax credit, MA infrastructure investment remedy operation status commercial energy tax deductions residential properties Brownfields sites qualified energy conservation bonds Massachusetts Contingency Plan more control over financing costs solar energy production investing in surface lots commercial tax credit federal government NMTC commercial real estate in MA renewable energy development energy efficient property hydro power new markets tax credits wind farm development green standards solar investment tax credit energy production developing real estate in MA global energy demand invest in commercial real estate list of brownfields sites heat and power solar ITC restoration projects obtaining capital new energy technologies the difference between tax credits and tax deductions Martha's Vineyard renewable energy expensive to produce renewable energy certificates investments cost of producing renewable energy tax credits to fix up historic buildings HUD insured mortgages capital line funding energy tax credit credits hydro energy production LIHTCs Brownfields programs geothermal tax credit programs, New Bedford NYC tax credits biodiesel real estate investments Commonwealth Solar Rebate Program distressed asset investment fund, ma clean technology permitting procedure renewable resources new market distressed asset investment real estate attorney, ma brownfields projects, MA wholesale acquisitions build green commercial real estate attorney Massachusetts Brownfields Tax Credits solar installations renewable energy industry thayer morgan interivew clean energy private sector investments wholesale energy wind subsidies outsourcing RI EB-5 Green Card Program tax credit consultant solar renewable energy credits Chicago tax credits for gateway cities, New Bedford capped landfills Historic rehabilitation tax credits, MA real estate deals deepwater horizon oil spill real estate business asset Business Financing solar energy array projects tax credit syndication gasoline price fixing office space real estate attorney equity tax incentives and credits The Transactional Law Group - MA brownfields redevelopment, MA Plymouth, MA money lending geothermal power secure capital develop renewable energy systems Cape Wind real estate investment trusts, Boston recession financial incentives to develop real estate in MA fuel cell initiatives partial equity participation deduction for energy efficient buildings building improvements trash facility renewable energy incentives largest accidental marine oil spill real estate strategy sustainable technology brownfields laws large capital projects preservation of historic buildings renewable energy The Cherrytree Group invest in real estate foreign investors thayer morgan value-added services solar projects financing commercial real estate investments buy commercial real estate, MA FERC Seattle solar initiatives new markets tax credit program Massachusetts brownfields tax credit build a wind farm economics of environmental projects informational technology energy companies capital funding green energy projects SRECs commercial building tax deductions tax credits to help economy tax credit sydication federal low income housing tax credit foreign investment energy efficient tax deductions gasoline market manipulation federal energy regulatory commission green energy alternate funding Chapter 40B explained distressed asset investment fund economic development bill, MA developers, Boston, MA construction Cape Cod REITS development in Massachusetts offshore wind investing in commercial real estate, Boston EB-5 community development low-income neighborhoods commercial tax credits, MA american symphony orchestra invest in development projects visas for imigrants historic building tax credit, New Bedford Quincy Broad Medows Salt Marsh solar energy properties alternative funding sources investing in real estate in MA multitude of renewable resources tax incentives solarize Massachusetts brownfields, CT sources of funding low-income housing tax credits devastating environmental damage San Francisco raising capital, MA development of the renewable energy industry brownfields tax credit renewable energy projects Brownfields Act, MA Former Getty owners commercial tax credits, Lowell cherrytree group llc private equity offerings venture development capital MA Massachusetts Ballot Questions, Question 2 Explained REIT investments affordable housing new york pops commercial leases wind farm tax credit equity investments tax incentive deals capital requirements American Recovery and Reinvestment Act of 2009 - Section 1603 Brownfields credits Massachusetts state tax credits contractors, Boston, MA asset stripping tax planning strategies monetizing your tax credits EB-5 Regional centers wind tax credit federal tax Credit commercial real estate owners historic rehabilitation tax credit sale of renewable energy credits sydicator of tax credits Housing Development Incentive Program, MA tax advantages solar energy real estate lawyer solar system finance massachusetts non-profit business energy systems MA historic tax credit economic growth residential real estate Kirshenbaum Real Estate

Archive

Disclaimer

This Blog is made available by the lawyer publisher for educational purposes only as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and the Blog publisher. The Blog should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.