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- Title
Tax Credit Transactions Corner.
- Authors
Callison, J. William
- Abstract
The article offers information on the Code Section 41(i)(7) which is a statutory pushmi-pullyu that is termed a right of first refusal (ROFR) for certain entities to acquire low-income housing tax credit (LIHTC) projects. It notes the decision of the trial court in Massachusetts in the court case Homeowners Rehab Inc. v. Related Corporate V SLP LP wherein the Option Agreement granted the general partner a purchase option to acquire the project for its fair market value.
- Subjects
TAX credits; MARKET value; OFFER &; acceptance (Contracts); LOW-income housing; RIGHT of first refusal; TAXATION; ACTIONS &; defenses (Law)
- Publication
Journal of Passthrough Entities, 2017, Vol 20, Issue 2, p63
- ISSN
1099-7407
- Publication type
Article