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?

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.


Recent Posts


Tags

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

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.