The Historic Tax Credit (“HTC”) is authorized under sections 38 and 47 of the Internal Revenue Code and is available to reduce the federal income tax liability of qualified taxpayers. A credit equal to 20 percent of Qualified Rehabilitation Expenditures (QRE’s) is allowed for certified historic structures.

NexGen offers a comprehensive process for investors to secure Historic Tax Credits that ranges from identification through acquisition:

• Opportunity Evaluation
  We review your needs to determine the amount of and types of Historic Tax Credits that may be of benefit to you – Federal and state
  
  
• Syndication
  We help source potential sellers of credits and we negotiate the price and terms with the seller. We will aggregate transactions as necessary for you
  
  
• Consultation
  We consult with you throughout the process and we are available to help educate those “new” to this investment vehicle
  
  
• Implementation
  We provide the necessary tax, accounting and QRE services to the developer to insure that the credit is available to you consistent with the terms negotiated
  
  
• Maintenance and Consultation
  We provide ongoing tax and accounting services during the rehabilitation and the subsequent operation of the project until your investment matures

We help structure a transaction that meets the needs of all parties involved in a transparent manner. We balance our business skills with strong technical expertise.

We work closely with others who are critical to the process including legal counsel, the historic architect and the State Historic Preservation Office.