JOURNAL OF TAX CREDITSBen Swartzendruber quoted in NMTC-HTC Twinning Back After HBH Slowdown, Published by Novogradac & Company LLP, Journal of Tax Credits, December 2017, Volume VIII, Issue XII
The new markets tax credit (NMTC) and historic tax credit (HTC) are twins who spent a few years apart and are now together again.
Following their widespread separation stemming from the 2012 court ruling in the Historic Boardwalk Hall (HBH) case and subsequent wait for Internal Revenue Service (IRS) guidance on the partnership structure for HTC transactions, the twinning of the credits is back at or above the previous rate, according to industry insiders.
