Tax Recapture Insurance Policy
Each calendar year, the Internal Revenue Service (IRS) makes modifications and amendments to the tax code, but through each iteration, the Low-Income Housing Tax Credit (LIHTC), Solar Investment Tax Credit (ITC) and Historic Tax Credit (HTC) have remained intact. These credits were created to encourage the flow of private funds into specific solar, low-income housing and historic preservation projects. When a guideline-compliant project is completed and tax credits are generated, taxpayers (e.g. public and private entities, as well as high net worth individuals in certain instances) can apply the credits on their federal and state tax returns.
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