Prospect of Tax Reform Opens Challenges, Opportunities for New Markets Tax Credit Program

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Novogradac to Host 2017 New Markets Tax Credit Fall Conference in Chicago, Oct. 19-20

A drop in the corporate tax rate and an extension of the New Markets Tax Credit (NMTC) program beyond its scheduled 2019 sunset are just some of the tax reform proposals that could have a significant effect on investments in low-income communities. These prospects will be a key point of discussion at the Novogradac 2017 New Markets Tax Credit Fall Conference at the Loews Chicago Hotel in Chicago, Oct. 19-20. Panel topics will include the Treasury Department year in review and 2018 outlook, marketing a development to a community development entity (CDE), getting a qualified active low-income community business (QALICB) to closing and more.

“The Novogradac NMTC conference offers a great blend of policy and program insights, along with practical discussions of real-world examples and industry best practices,” said Brad Elphick, CPA, conference chairman and partner in Novogradac & Company LLP’s metro Atlanta office. “The strength of the NMTC community is collaboration, so we’ve also scheduled several networking opportunities to help attendees forge new partnerships and to reconnect with old ones.”

All conference attendees are invited to attend the Women in Tax Credits breakfast, an interactive roundtable meeting with women executives who are thriving professionals in the tax credit community. Another highlight of the conference will be the Novogradac Journal of Tax Credits’ presentation of the 2017 Community Development QLICIs of the Year Awards. The qualified low-income community investments (QLICIs) to be honored are ones that exhibit a well-executed vision and measurable community impact in economically under-served communities.

Conference details and the complete conference agenda can be found at
https://www.novoco.com/events/novogradac-2017-new-markets-tax-credit-fall-conference

In addition, two pre-conference workshops will be offered Oct. 18, NMTC 101: The Basics and NMTC 202: Advanced NMTC Concepts. Separate registration and fees apply.

The Novogradac 2017 New Markets Tax Credit Fall Conference is co-hosted by Bank of America Merrill Lynch, Capital One, Chase, Dentons, Elkins PLC, Husch Blackwell, Squire Patton Boggs and U.S. Bancorp Community Development Corporation. Sponsors and exhibitors include Butler Snow LLP, Ariel Ventures, Applegate & Thorne-Thomsen, Blank Rome LLP, Bryan Cave LLP, Citi Community Capital, Enterprise Community Partners, Ginsberg Jacobs LLC, Lathrop & Gage LLP, Mannatt Phelps & Phillips LLP, PNC Bank, Stinson Leonard Street, Strategic Development Solutions, Duff & Phelps LLC, Smith NMTC Associates, Future Unlimited Law PC, Perkins Coie LLP, Twain Financial Partners, Cross Street Partners, Kutak Rock LLP, Greenline Ventures, Dudley Ventures, Jones Walker LLP, NTCIC and Wells Fargo.

About Novogradac & Company
Novogradac began operations in 1989 and has since grown to more than 600 employees and partners with offices in San Francisco, San Rafael, Walnut Creek and Long Beach, Calif.; Dover, Columbus and Cleveland, Ohio; St. Louis; Boston; New York; Chicago; Austin and Dallas, Texas; Portland, Ore.; Naples, Fla., Raleigh, N.C.; Toms River and Iselin, N.J.; and the greater metropolitan areas of Philadelphia; Washington, D.C.; Atlanta; Detroit; Kansas City, Mo.; and Seattle.

Specialty practice areas include tax, audit and consulting services for tax-credit-assisted affordable housing, community revitalization, rehabilitation of historic properties and renewable energy. Other areas of expertise include business valuation, preparation and analysis of market studies and appraisals of multifamily housing investments and renewable energy tax credits.

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