Rehabilitating a historic building can make more economic sense than constructing a new facility. State historic rehabilitation tax credits—also known as historic tax credits—are usually a big part of the reason why; especially when those credits are transferrable.
By allowing developers, owners, and investors to offset their state tax liabilities, transferable historic tax credits can help generate significant influxes of cash to finance future investments—and create more opportunities for growth.
We can help find a buyer for your state historic credits, allowing you to convert credits you can’t use into cash to reinvest in your business. We can also assist you with certifying your credits, navigating the transfer process and identifying other states with similar opportunities.
We’ve helped our clients transfer more than $800 million in credits, and have performed incentive compliance and audit services for eligible projects in excess of $3 billion of total project costs.
As a developer, owner, or investor in projects eligible for transferable historic credits, recognizing and using the potential value of the credits can present certain challenges, including:
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