Leveraging New Markets Tax Credits to Finance Community Development: Latest Regs, Guidance, and Legal Developments
Live Online Webinar
Blank Rome Partner Michael I. Sanders will present at the upcoming Strafford live webinar Leveraging New Markets Tax Credits to Finance Community Development: Latest Regs, Guidance, and Legal Developments, taking place Thursday, November 12, 2020, from 1:00 to 2:30 p.m. EST / 10:00–11:30 a.m. PST.
The webinar will provide counsel with an overview of the New Market Tax Credit (“NMTC”) program and IRS regulations and guidance. The panel will discuss best practices for structuring NMTC deals, twinning with historic tax credits (“HTCs”) and other tax credit programs, allocating cancellation of debt (“COD”) income among partners, and using EB-5 funds in the NMTC structure. Topics include:
- What are best practices for structuring NMTC deals to ensure compliance with IRS program requirements?
- What roles can nonprofit 501(c)(3) organizations play in NMTC deals, and what issues should they consider before entering into these transactions?
- What is the potential impact on the use of NMTCs of the Internal Revenue Service safe harbor for partnerships claiming rehabilitation tax credits?
- How are NMTC deals impacted by cancellation of indebtedness?
For more information and to register, please visit the webinar webpage.