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TAX CREDITS

Our team helps clients navigate all aspects of federal and state new markets tax credits, low-income housing tax credits, historic rehabilitation tax credits and opportunity zone transactions, including capital sourcing, acquisitions, tax structuring, closing, asset management, workout, restructuring and unwinding.

Our partners include national investors, syndicators, loan funds, community development entities, lenders, developers, nonprofit organizations, and business owners. As a result of our work and these powerful financing tools, shelters, charter schools, manufacturing facilities, affordable housing developments, start-ups and commercial projects become viable, making a lasting social and economic impact on the communities where these investments are made.

New Markets Tax Credits

We have closed over a billion dollars of New Markets Tax Credit transactions and can leverage our knowledge, experience and track record with investors, lenders, community development entities, developers and federal, state and local agencies to efficiently accomplish your business needs.

On behalf of project sponsors, we use our connections in the industry to help close financing gaps by pairing valuable tax credit allocation with projects. Working with community development entities, we have significant experience with writing and reviewing tax credit applications. We routinely speak nationally on various tax credit topics and are actively involved in lobbying efforts for the benefit of the industry.

Historic Rehabilitation Tax Credits

Our team represents a wide range of clients in federal and state Historic Tax Credit transactions. Having closed hundreds of master lease and direct investments, we understand the nuances of the tax issues, business transaction and relationships of the parties and use our experience to benefit our clients. We advocate for public policy that is favorable to both the state and federal Historic Tax Credits and have participated in formulating guidance integral to these transactions.

Renewable Energy and Other Tax Credits

We are experienced in various aspects of renewable energy tax credit programs, including transferability, direct payment, and specific energy project developments, as well as in non-transferable tax credits, such as R&D credits, and empowerment zone employment credits. Click here for more on our renewable energy and other tax credit experience.

Qualified Opportunity Zones

As a result of federal tax reform, taxpayers can defer taxes on capital gain by investing in Qualified Opportunity Funds that support developments in economically distressed communities designated as Qualified Opportunity Zones. We represent investors seeking to take advantage of the tax benefits associated with investments in opportunity zones as well as project sponsors seeking to raise equity for their transaction using this new tool.

We speak routinely on this topic and have made significant contributions to the comments on the proposed regulations through the American Bar Association Committee of Taxation and other industry groups. With our knowledge of various tax credits and private equity transactions, we can help our clients take advantage of this new program and advise them on all aspects of their investment.

Low-Income Housing Tax Credits

Our team represents investors, lenders, developers, and syndicators in state and federal Low-Income Housing Tax Credit transactions. We work on both 9% and 4% credit deals and oversee all aspects of these multi-faceted financing structures, including the bond component often present in 4% credit transactions.

Our work does not stop at the closing. We routinely represent lenders and developers in complicated financial restructurings and workouts, and organize many parties around the common goal of keeping vital affordable housing available for those that need it most. In addition to our transaction work, we help shape state and federal policy on low-income and affordable housing issues.

Publications

Proposed Regulations for Advanced Manufacturing Production Credit: Section 45X and Its Impact on Clean Energy Components

Missouri Department of Economic Development Proposes Changes to its Historic Tax Credit Regulations

Ohio Enacts New State Low-Income Housing Tax Credit (LIHTC) Program

Selling Federal Energy Tax Credits: Who, What, When, and How…and Other Important Points

Now is the time to electrify your commercial vehicles

Recent amendments to Illinois’ Historic Preservation Tax Credit Program provide clarity for investors

What employers need to know about the CARES Act Employee Retention Payroll Tax Credit

Key tax provisions in the CARES Act

New Opportunity Zone investment may reduce capital gains liability

IRS releases updated safe harbors for management contracts in tax-exempt bond-financed projects

Blog Posts

Unpacking the new qualified business income deduction for real estate rentals

Reinstatement of a LIHTC LURA following foreclosure

LIHTC exit strategies: Foreclosure

LIHTC exit strategies: Right-sizing the loan

LIHTC exit strategies: Loan sale

Getting the house in order: The early stages of a LIHTC workout

The valuation process for LIHTC projects in financial distress: Part II

The valuation process for LIHTC projects in financial distress: Part I

What are the unique dynamics of a low-income housing tax credit workout?

Low-income housing tax credit workouts and bankruptcies: Understanding the basics

News

TC Tax Controversy Team Helps Obtain Key Taxpayer Victory at Missouri Supreme Court

Thompson Coburn Enhances Tax Credits Practice with Renewable Energy Tax Credits Focus

Transport Topics turns to Nick Kappas for overview of new tax credit for EV commercial vehicles

Congratulations to the new Thompson Coburn partners for 2021

Sara Melly selected for 2020-2021 Class of Leadership St. Louis

Thompson Coburn lawyers help a much-in-demand charter school grow

Elizabeth Feldmeir named to St. Louis Business Journal’s 40 Under 40 list

Janette Lohman elected second vice president of the Institute of Professionals in Taxation

Sara Melly joins Thompson Coburn’s Tax Credits practice

Jarrod Sharp named to 2016-17 Class of Leadership St. Louis

Real Estate Group retains high ranking in 2015 ‘Best of the Best’ survey

25 Thompson Coburn attorneys recognized in 2015 Chambers USA

27 Thompson Coburn attorneys recognized in 2014 Chambers USA

Thompson Coburn represents U.S. Bank in financing named Wall Street Journal's 'Deal of the Week'

Three partners named 2013 Up & Coming attorneys

Larry Katzenstein offers charitable organizations guidance on tax fallout of ‘fiscal cliff’ law

Jarrod Sharp joins Thompson Coburn as counsel

Partner
St. Louis

Over the last decade, Elizabeth has worked directly on several billion dollars in tax credit transactions and represented clients in a variety of complex real estate and ...

Over the last decade, Elizabeth has worked directly on several billion doll...

Elizabeth Feldmeir
Partner
St. Louis

Garrett counsels banks, financial institutions and other businesses on a variety of tax credit, commercial transaction and regulatory issues.

Garrett counsels banks, financial institutions and other businesses on a va...

Garrett Fischer
Partner
St. Louis

Julie represents clients in mergers and acquisitions and sophisticated securities offerings, and offers advice on a wide range of corporate matters.

Julie represents clients in mergers and acquisitions and sophisticated secu...

Julie Hellmich
Partner
St. Louis

Nick advises businesses, tax-exempt organizations, and governmental entities on federal and state tax matters, including tax credit finance, tax-exempt bonds, and transac...

Nick advises businesses, tax-exempt organizations, and governmental entitie...

Nick Kappas
Partner
St. Louis

Sarah advises corporate clients on mergers and acquisitions, securities law compliance, corporate governance and general business counseling.

Sarah advises corporate clients on mergers and acquisitions, securities law...

Sarah Larson
Partner
St. Louis

Janette has over 30 years of experience practicing in all areas of state and local taxation, including representing clients before state and local taxing authorities in c...

Janette has over 30 years of experience practicing in all areas of state an...

Janette Lohman
Partner
St. Louis

Sara represents lenders, community development entities and investors in tax credit and financing transactions.

Sara represents lenders, community development entities and investors in ta...

Sara Melly
Counsel
Washington, D.C. |
New York

Kristin is a versatile commercial real estate and finance attorney, concentrating her practice in all aspects of commercial real estate finance and development.

Kristin is a versatile commercial real estate and finance attorney, concent...

Kristin Niver
Partner
St. Louis

Chris is a valued strategic partner to emerging companies and the institutions and individuals that invest in them.

Chris is a valued strategic partner to emerging companies and the instituti...

Chris Reid
Associate
St. Louis

Sarah represents clients in a diverse range of transactional and real estate finance matters, including acquisition and sales, development, financing, and leasing.

Sarah represents clients in a diverse range of transactional and real estat...

Sarah Rowan
Partner
St. Louis

Allie represents investors, lenders and community development entities in transactions involving various forms of debt, equity and public financing, including federal and...

Allie represents investors, lenders and community development entities in t...

Allie Isaak Rudroff
Partner
St. Louis

Jarrod is the chair of Thompson Coburn's Tax Credits practice.

Jarrod is the chair of Thompson Coburn's Tax Credits practice.

Jarrod Sharp