HTC

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.

Last week, Representatives Darin LaHood (D-IL), Earl Blumenauer (D-OR), Mike Kelly (R-PA), Terri Sewell (D-AL) Michael Turner (R-OH) and Brian Higgins (D-NY) introduced the Historic Tax Credit Growth and Opportunity Act (HTC-GO). H.R. 1785 is the companion bill to S. 639, introduced in the Senate earlier this month by Senators Ben Cardin (D-MD), Bill Cassidy (R-LA), Maria Cantwell (D-WA) and Susan Collins (R-ME). NH

Senators Ben Cardin (D-MD), Bill Cassidy (R-LA), Maria Cantwell (D-WA) and Susan Collins (R-ME) reintroduced the Historic Tax Credit and Growth Opportunity Act (HTC-GO) of 2023 (S. 639).