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- Title
Tax Credit Transactions Corner.
- Authors
Kraus, Daniel L.
- Abstract
The article focuses on the requirements of the right of first refusal (ROFR) for the sale of a low-income housing tax credit (LIHTC) under the Code Section 42 of the U.S. Internal Revenue Service (IRS). It discusses the issues raised under Code Section 42(i)(7) such as the entity to whom the ROFR could be granted and the minimum purchase price under the ROFR. Also, it explores the federal income tax consequences for granting the ROFR.
- Subjects
UNITED States; RIGHT of first refusal; OFFER &; acceptance (Contracts); TAX credits; HOUSING; UNITED States. Internal Revenue Service; TAXATION
- Publication
Journal of Passthrough Entities, 2012, Vol 15, Issue 4, p43
- ISSN
1099-7407
- Publication type
Article