HomeWebcastState Tax Credit Transfers: What You Need to Know in 2017 and Beyond
Online CPE State Tax Credit CLE

State Tax Credit Transfers: What You Need to Know in 2017 and Beyond

Live Webcast Date: Friday, December 08, 2017 from 3:00 pm to 4:00 pm (ET)
Taxation (CPE)Recording

Online CPE State Tax Credit

Join us for this Knowledge Group Online CPE State Tax Credit Webinar. For the past years, the enticing opportunities of tax credits have lured new startups, businesses and investments to expand and operate in different US states. However, despite its widespread patronage, these credits don’t attract large number of projects and ventures.

To further utilize the remaining value of the tax credits and enable a company or corporation to sell the remainder of the credit to companies involved in a large tax liability, states allow these enterprises to transfer and monetize their tax credits.

With the increasing opportunities, the transferability of tax credits has kept tax credit programs a part of a company's tax planning approach. Nonetheless, due to the different taxing jurisdictions, risks and pitfalls may potentially arise. To avoid such risks, companies and business must be well versed with the taxing jurisdiction of the states.

In this webcast, a seasoned panel of thought leaders, professionals and tax attorneys will provide and help the audience understand all the important aspects of State Tax Credit Transfers. Speakers will also present recent trends, developments, and updates with regard to this significant topic.

Key topics include:

  • State Tax Credits – Framework
  • Different Taxing Jurisdictions
  • Requirements and Compliance
  • Scope and Restrictions
  • Trends and Developments

Agenda

Aaron M. Scheuer, Attorney

Haynsworth Sinkler Boyd P.A.

Judith K. Crosby, Of Counsel

Kutak Rock LLP

  1. Brief history of state tax credits: most commonly seen types of credits (historic credits, LIHTC, mill credits), difference between a certificated and allocable credit, and discussion of the most important case law in this area (Virginia Historic Tax Credit Fund, Rte. 231, etc.)
  2. Structures that work for an allocated credit when the goal is to ensure it will, in fact, be respected by the IRS as an allocated credit
  3. Structures that work for an allocated credit when the goal is to have it treated as a sold credit for Federal income tax purposes
  4. Typical structures for certificated credits in states that specifically provide for such credits plus traps for the unwary (anti-abuse, etc)

Who Should Attend

  • Tax Attorneys
  • Tax Specialists
  • Tax Analysts
  • Tax Accountants
  • CPAs
  • Taxpayers
  • Tax Brokers
  • In-house Counsel
  • Other related/interested professionals and organizations

Online CPE State Tax Credit

Aaron M. Scheuer, Attorney

Haynsworth Sinkler Boyd P.A.

Judith K. Crosby, Of Counsel

Kutak Rock LLP

  1. Brief history of state tax credits: most commonly seen types of credits (historic credits, LIHTC, mill credits), difference between a certificated and allocable credit, and discussion of the most important case law in this area (Virginia Historic Tax Credit Fund, Rte. 231, etc.)
  2. Structures that work for an allocated credit when the goal is to ensure it will, in fact, be respected by the IRS as an allocated credit
  3. Structures that work for an allocated credit when the goal is to have it treated as a sold credit for Federal income tax purposes
  4. Typical structures for certificated credits in states that specifically provide for such credits plus traps for the unwary (anti-abuse, etc)

Online CPE State Tax Credit

Online CPE State Tax Credit

Aaron M. ScheuerAttorneyHaynsworth Sinkler Boyd P.A.

Aaron Scheuer is a tax attorney with Haynsworth Sinkler Boyd, P.A., in Columbia, South Carolina.  As member of the firm’s tax team, Aaron advises businesses, nonprofits, and individuals in all matters related to federal income taxes, estate and gift taxes, and state and local taxes.  Prior to joining the firm, Aaron worked as an attorney for the South Carolina Department of Revenue in the Department’s Policy and Litigation sections.  Aaron received his LL.M. in Taxation from Georgetown University Law Center in 2012, J.D. from the Charleston School of Law in 2011, and B.A. from the University of Virginia in 2005.

Online CPE State Tax Credit

Judith K. Crosby Of CounselKutak Rock LLP

Judith K. Crosby is of counsel in Kutak Rock LLP’s Omaha office. Her practice focuses on tax law, with particular expertise in historic rehabilitations, affordable housing, partnership law, nonprofit law, and equity financing of partnerships and limited liability companies. She has represented investors, syndicators and developers and provided tax structuring advice in hundreds of tax credit transactions, including mixed-income projects, mixed-use projects, assisted living projects, single-room occupancy projects for homeless individuals, mixed-finance public housing and HOPE VI projects, projects which are financed by a combination of Low-Income Housing Tax Credits (federal and state) and Historic Rehabilitation Tax Credits (federal and state), and projects financed by the New Markets Tax Credit. Ms. Crosby also provides general partnership and corporate tax advice on a range of issues, including choice of entity, tax-exempt entity formation and maintenance, tax-deferred exchanges of real estate, and state tax.


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Online CPE State Tax Credit

Course Level:
   Intermediate

Advance Preparation:
   Print and review course materials

Method Of Presentation:
   On-demand Webcast

Prerequisite:
   Experience in taxation

Course Code:
   146193

NY Category of CLE Credit:
   Areas of Professional Practice

Total Credit:
    1.0 CLE

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About the Knowledge Group

The Knowledge Group

The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.

About the Knowledge Group

The Knowledge Group

The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.

Haynsworth Sinkler Boyd, P.A. brings innovative, effective and practical solutions to the complex problems clients face in today’s interwoven and evolving arenas of law, commerce, technology, insurance, education, healthcare, government and public relations. With offices in Charleston, Columbia, Florence, Greenville, and Myrtle Beach the firm has 115 experienced attorneys encompassing a broad spectrum of business and litigation practice areas.

Website: https://www.hsblawfirm.com/

Kutak Rock is a national law firm of more than 500 lawyers with 18 offices coast-to-coast. The firm serves local, regional and national clients in commercial matters, including finance, mergers and acquisitions, securities, intellectual property, real estate, litigation, creditors’ rights and bankruptcy, with numerous areas of specialization. In addition, the firm serves municipal and governmental entities in public finance matters and is listed among the most active bond counsel and underwriter’s counsel firms in the nation.  Kutak Rock dispels the myth of the “unattainable triangle of service”, delivering excellent service, high-quality legal counsel and a value-based fee structure, without compromise.  Kutak Rock prioritizes talent and efficient business operations, and is focused on earning its client’s trust through outstanding experiences, one matter at a time.

Website: https://www.kutakrock.com/

Aaron Scheuer is a tax attorney with Haynsworth Sinkler Boyd, P.A., in Columbia, South Carolina.  As member of the firm’s tax team, Aaron advises businesses, nonprofits, and individuals in all matters related to federal income taxes, estate and gift taxes, and state and local taxes.  Prior to joining the firm, Aaron worked as an attorney for the South Carolina Department of Revenue in the Department’s Policy and Litigation sections.  Aaron received his LL.M. in Taxation from Georgetown University Law Center in 2012, J.D. from the Charleston School of Law in 2011, and B.A. from the University of Virginia in 2005.

Judith K. Crosby is of counsel in Kutak Rock LLP’s Omaha office. Her practice focuses on tax law, with particular expertise in historic rehabilitations, affordable housing, partnership law, nonprofit law, and equity financing of partnerships and limited liability companies. She has represented investors, syndicators and developers and provided tax structuring advice in hundreds of tax credit transactions, including mixed-income projects, mixed-use projects, assisted living projects, single-room occupancy projects for homeless individuals, mixed-finance public housing and HOPE VI projects, projects which are financed by a combination of Low-Income Housing Tax Credits (federal and state) and Historic Rehabilitation Tax Credits (federal and state), and projects financed by the New Markets Tax Credit. Ms. Crosby also provides general partnership and corporate tax advice on a range of issues, including choice of entity, tax-exempt entity formation and maintenance, tax-deferred exchanges of real estate, and state tax.

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