Sentences with phrase «historic income tax credit»

Our historic income tax credit law has helped make that happen.

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It retains the historic tax credit, which was used to restore the Hotel Syracuse, it no longer taxes the tuition waivers that some graduate students use to pay for school and it allows taxpayers some flexibility on whether they want to deduct their state income, sales or property taxes - capped at $ 10,000.

HCR's Housing Finance Agency provided $ 8.3 million through tax exempt bonds, a $ 2.9 million Medicaid Redesign Team loan, and mortgage insurance through the State of New York Mortgage Agency; $ 1.5 million loan from OTDA's Homeless Housing Assistance Program; $ 1 million loan from the Federal Home Loan Bank of New York; about $ 5 million in Low Income Housing Tax Credit equity; $ 1.9 million in estimated New York State Historic Tax Credit equity and about $ 2.9 million in Federal Historic Tax Credit equitax exempt bonds, a $ 2.9 million Medicaid Redesign Team loan, and mortgage insurance through the State of New York Mortgage Agency; $ 1.5 million loan from OTDA's Homeless Housing Assistance Program; $ 1 million loan from the Federal Home Loan Bank of New York; about $ 5 million in Low Income Housing Tax Credit equity; $ 1.9 million in estimated New York State Historic Tax Credit equity and about $ 2.9 million in Federal Historic Tax Credit equiTax Credit equity; $ 1.9 million in estimated New York State Historic Tax Credit equity and about $ 2.9 million in Federal Historic Tax Credit equiTax Credit equity and about $ 2.9 million in Federal Historic Tax Credit equiTax Credit equity.

In a press release, Higgins cited a National Parks Service report that Historic Tax Credit - related investments generated 86,000 jobs and $ 3.5 billion in income nationwide for the 2015 fiscal year.

The federal government grants tax credits to those who construct or rehabilitate low - income housing or who invest in the rehabilitation or preservation of historic structures.

We represent borrowers, investors and other participants in tax credit transactions involving new market tax credits, low - income housing tax credits, and historic tax credits.

By 2004, the number had grown to 24 and by 2016, 34 states had some kind of historic tax credits, with at least 23 of them offered to residential homeowners to reduce their state income taxes.

In Delaware, Historic Tax Credit Coordinator Joan Larrivee said her state's program started in 2001 and has been used by many middle - income homeowners.

Kuhlman said the state income tax credits can lower the cost of homeownership and lower renovation costs for residences that qualify under National Park Service standards and are deemed to be «certified historic structures» or are part of historic neighborhoods.

Historic preservation has state and federal tax credits, but only for income producing properties and not sure I want to buy and hold.

Learn whether or not your state or local area has tax credits available for historical buildings beyond the federal government's 20 percent income tax credit for those rehabbing certified historic, income - producing buildings.

Certified historic structures now enjoy a 20 percent investment tax credit for qualified rehabilitation expenses, if they are income producing properties.