Developers who fix up historic buildings would also be hurt by the tax reform proposal in the House, which would repeal the historic rehabilitation tax credit after 2017. (nreionline.com)
Over the last four years, the New York State and federal rehabilitation tax credit program has spurred $ 3 billion of investment in historic commercial properties. (wxxinews.org)
The plan to reform the federal tax code that passed the House of Representatives in November wipes out several tax credits that developers use to finance plan to build new projects — including the federal historic rehabilitation tax credit and the New Markets Tax Credit (NMTC). (nreionline.com)