Cherrytree Group Blog

Brownfields and Historic Tax Credit Extension

[fa icon="calendar"] Jun 18, 2018 3:25:19 PM / by Melina Ambrosino

On May 31, 2018,  Massachusetts Governor Charlie Baker signed into law the $1.8 billion Housing Bond Bill (H.4536). Included in this bill is the 5 year extension of the Massachusetts Brownfields Tax Credit and Massachusetts State Historic Tax Credits

At the Cherrytree Group we appreciate the importance of these programs, as we have helped numerous clients use them to achieve necessary funding for their projects. In fact, several of our client’s projects, some of which battle the opioid epidemic, provide affordable housing and help clean contaminated properties which would not have been completed without these programs. 

 

Front view

We worked hard to move these extensions forward and have remained engaged with our legislators and regulators throughout this entire process.  Accordingly, we are thrilled to announce this news to our clients and other professionals who share similar business interests. 

Our company has achieved wide-ranged success over the years with these programs, and we will continue to provide our clients with the best assistance in applying for and procuring the Massachusetts Brownfields Tax Credit and the Massachusetts Historic Tax Credit. 

At the Cherrytree Group, our team of highly trained tax credit professionals are well equipped to handle all aspects of the Brownfields Tax Credit, Historic Tax Credit, and Renewable Energy Tax Credit. Our firm also consults with real estate professionals and investors with passive income to help save on their federal tax obligations. The Cherrytree Group has advised and closed on millions of dollars in state and federal tax credits.

 

Questions about Tax Credits?

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Topics: Federal Tax Credit

Melina Ambrosino

Written by Melina Ambrosino

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