States often use tax credits as one of their tools to promote economic development. We see many state governments use their tax system to partner with the private sector on certain tax credit programs to promote areas that need the … Continued
Lumber costs continue a volatile path upwards as the Russian invasion of Ukraine combines with inflation concerns to spread volatility in the lumber markets. Since Russia began its invasion, American lumber futures have increased over 15% as weakened supply chains, … Continued
Historic Tax Credit Projects are getting COVID-19 relief to meet the “Substantial Rehabilitation Test” for claiming historic tax credits (HTCs). The IRS published Notice 2020-58 on July 30, 2020. Taxpayers with a 24- or 60-month measuring period who are required … Continued
Here at Clocktower, we get a lot of calls and emails from people who ask, “I’ve got tax credits to sell. How do I sell them?” These are interesting requests for us, since all we do is work in Tax … Continued
What is a tax credit? A tax credit is an economic incentive issued by a government agency to encourage the private activity, typically investments, in economic development. Such incentives can be in the form of grants, rebates, loans or tax … Continued