A blog post from Bad Elphick with Novogradac explains the recent Financial Accounting Standards Board (FASB) Accounting Standards update, which makes investing in New Markets Tax Credits (NMTCs), Historic Tax Credits (HTCs), Renewable Energy Tax Credits (RETCS) and any new tax credits created in the future more attractive to investors.
This is primarily done by FASB expanding the proportional amortization method to be available to all tax credit investments, not just the LIHTC, which was the case before this update. Learn more about this and other impacts to the tax credit equity market at NH&RA’s Spring Developers Forum.
