Spring 2011 issue of Horizons

Real Estate

Tax Credits Face Scrutiny in Deficit-Minded Environment By Bryan Keller, CPA

Legislative and Market Update Bryan Keller, who serves as partner-in-charge of RubinBrown’s Real Estate Services Group, kicked off the conference by stating that the current deficit- minded environment at the Federal and State level has a significant impact on the tax credit industry’s ability to bring about program changes and obtain extensions for most tax credit programs. “Due to severe budget pressures,” Keller explained, “we have moved away from working on bettering programs with efficiency type initiatives to a mind set of just trying to protect what we have.”

In February, leading real estate developers, investors, syndicators, lenders, government officials, CPAs and attorneys gathered together with leaders from RubinBrown’s Real Estate Services Group for a half-day discussion about tax credits and their future. The conference drilled down on the current legislative state of today’s tax credit challenges and initiatives. It also delivered the latest on complex deal structures, top accounting and tax issues, and strategies for successfully maneuvering your Historic Tax Credit (HTC) application through the Missouri Department of Economic Development (DED).

Raise Your Expectations

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