The New York State Budget Bill was enacted by the New York State Legislature and signed into law by Governor Andrew M. Cuomo. S. 2009-C, A. 3009-C
The United States Environmental Protection Agency ("EPA") Office of Criminal Enforcement, Forensics and Training publishes an Environmental Case
The Senate Finance Committee held a June 14th hearing titled Energy Tax Policy in 2016 and Beyond ("Hearing"). Steve Miller, Chief Executive Officer
In Chief Counsel Advice (CCA) 20161101F, dated December 3, 2015 and released to the public on March 11, 2016, the IRS advised that the taxpayer was
If you are the general partner or managing member of a project using low income housing tax credits ("LIHTC") that closed more than 12 years ago
The Internal Revenue Service (IRS) recently issued Revenue Procedure 2014-12 which contains guidance establishing safe harbor requirements (the "Safe
In a case of potentially far reaching implications, the Third Circuit Court of Appeals in Historic Boardwalk Hall, LLC v. Commissioner of Internal Revenue 1 reversed the U.S. tax court’s decision and issued a decision considered to be a seminal ruling on use of the Federal Historic Rehabilitation tax credit (Historic Tax Credit).
In The Crying of Lot 49, Thomas Pynchon pivoted his tale of centuries-spanning financial intrigue implicating one of the earliest European mail carriers, Thurn und Taxis, around a postage stamp bearing a muted horn.
In Historic Boardwalk Hall, LLC, New Jersey Sports and Exposition Authority, Tax Matters Partner v. Commissioner of Internal Revenue, the U.S. Court of Appeals for the Third Circuit invalidated the allocation of federal historic tax credits (HTCs) to the tax credit investor, calling into question long-standing, industry-standard syndication structures for not only HTCs but also low-income housing tax credits (LIHTCs) and other federal tax credit programs.
In addition to the federal tax credit, Louisiana offers a credit in connection with the purchase and installation of wind or solar energy systems.