Fishman Haygood partner Megan Riess was a featured speaker at the recent Novogradac & Company New Markets Tax Credit Conference held October 23-24 in New Orleans, Louisiana.Megan, a partner at Fishman Haygood, discussed how states are currently using New Markets Tax Credits (“NMTCs”) as an important source of financing to help develop communities. Currently, 14 states have NMTC programs, and several more states have introduced legislation to create them in their respective states.Megan is a frequent lecturer on economic development financing incentives, such as state and federal new markets tax credits, state and federal historic rehabilitation tax credits, and Louisiana film tax credits.Ms. Riess, along with Fishman Haygood Associate Chris Wooten, also recently published an article exploring a new IRS ruling addressing historic tax credits.
The article titled “IRS Revenue Procedure 2014-12 – A Safe Bet?” discusses the impact of a recent appellate court decision regarding partnership allocations of historic rehabilitation tax credits. The article was published in Bloomberg BNA Tax Management Real Estate Journal, Vol. 30, No. 10 (October 1, 2014).