Learn about
Tax Credits
BW&A works with a variety of tax credit programs.
Here are the different tax credits we specialize.
Historic Tax Credit Overview: The purpose of the Historic Tax Credit (HTC) program is to promote preservation and economic development by making adaptive reuse of historic structures financially feasible. HTC programs exist at both the federal and state levels. Tax Credits are taken against income taxes owed, either at the federal or state level depending…
The Federal New Markets Tax Credit (“NMTC”) program was created by Congress to encourage financial investment and economic development in lower-income communities throughout the United States. If you are developing real estate in an area that was either historically or is currently distressed, your project may be eligible for a NMTC investment. The CDFI Fund,…
"A tax credit is a dollar for dollar reduction in tax liability. Unlike deductions and exemptions that reduce taxable income, credits directly reduce taxes owed."
BW&A works with a variety of other tax credit programs in addition to the ones already listed. These programs include Brownfield Tax Credits Numerous states have developed Brownfield Tax Credits as well as other financial incentives to help pay for the costs to clean-up properties whose environmental condition has been harmed by previous uses of…
As the use of renewable energy becomes increasingly more popular in the United States, Brian Wishneff & Associates is on the forefront of assisting projects obtain the various financial incentives that may be available by adding a renewable energy component to your project. Currently, the federal government as well as numerous state governments are considering…