WEBINAR: Tax Planning Strategies for Affordable Housing Developers
Thursday, December 12th, 2024
McKonly & Asbury is once again collaborating with the KBKG team to explore various tax planning strategies specifically tailored for affordable housing developers. This joint webinar, featuring M&A Partner Elizabeth Harriger and guests Sumit Sharma, Mike Cornell, and Brandon Val Verde, will have the primary focus of tax incentives introduced by the Inflation Reduction Act (IRA), which present new opportunities for developers to reduce their tax liability and maximize financial efficiency in their projects.
An overview of the concept of cost segregation, a technique that allows developers to accelerate depreciation on certain components of their property, will be provided which can lead to significant tax savings. Additionally, we will discuss the changes made to bonus depreciation under the IRA, including updates that affect the timing and amount of depreciation that can be claimed. These modifications provide developers with new avenues for optimizing their tax positions.
Furthermore, we will examine two critical tax credits that affordable housing developers can leverage to reduce costs and enhance the financial viability of their projects: the 45L Tax Credit, which is available for developers constructing energy-efficient homes, and the Section 48 Solar Investment Tax Credit (ITC), which incentivizes the installation of solar energy systems. We will provide a detailed explanation of how these credits work and how developers can ensure they meet the eligibility requirements to take full advantage of these valuable incentives.
By the end of the session, participants will have a comprehensive understanding of how to integrate these tax planning strategies into their affordable housing development projects, maximizing both tax savings and the long-term success of their developments.
Attendees of this McKonly & Asbury Webinar will gain insight on the following:
- A comprehensive overview of tax savings strategies for affordable housing developers.
- Updates to programs introduced and changed through the IRA, including 45L and Section 48 credits.
ADDITIONAL DETAILS
Thursday, December 12 at 1 PM EST
This free, one-hour webinar takes place on Thursday, December 12 at 1:00 p.m. EDT. One “Tax” CPE credit is available for this webinar. The level for this webinar is intermediate. This program is a live webinar which offers the opportunity to ask questions and interact with the presenters.
