Gallagher Evelius & Jones LLP - Tax Attorney: Baltimore MD

Baltimore, Maryland Law Firm
* Affordable Housing
* Commercial and Real Estate Lending
* Corporate and Finance Transactions
* Creditors' Rights and Bankruptcy
* Education
* Employment
* Health Law
* Litigation
* Public Finance
* Real Estate and Business Transactions
* Renewable Energy
* Tax Credit Investments and General Tax
* Tax-exempt Organizations

Our firm's tax practice group focuses on transactions using federal income tax credits, including the Internal Revenue Code Section 42 tax credit for affordable housing, the Code Section 47 tax credit for historic structures, Code Section 45D new markets tax credits, and the Code Sections 45 and 48 production and investment tax credits for renewable energy. In addition, we represent our clients in dealing with a variety of general tax matters, including the structuring of real estate transactions, the structuring of partnerships and limited liability company arrangements between investors and developers, and issues specific to tax-exempt entities. Examples of the types of transactions and clients we have represented include:

* Several national syndicators and direct purchasers of the Code Section 42 affordable housing tax credits and the Code Section 47 historic rehabilitation tax credits. These projects have been constructed throughout the nation;

* Real estate development companies in Maryland and throughout the United States, both for-profit and nonprofit, developing projects using affordable housing tax credits, new markets tax credits, and historic rehabilitation tax credits;

* Hope VI public housing projects, HUD 202 housing projects, projects with IRP structures, and tax-exempt bond financing, including numerous transaction involving the Code Section 42 affordable tax credits;

* One of the largest national syndicators of Code Section 48 investment tax credits for solar energy property;

* Code Section 45D new markets tax credit projects involving both debt and equity structures;

* Code Section 47 historic rehabilitation tax credit projects using master lease and sandwich lease structures both with and without new markets tax credits, including projects involving pension funds;

* Code Section 42 affordable housing tax credit projects using tax-exempt bond financing;

* Code Section 1031 tax-free real estate exchanges;

* Joint venture arrangements for real estate investors and real estate developers; and

* General tax planning for closely held businesses.

Gallagher Evelius & Jones LLP
218 N Charles St #400
Baltimore MD 21201
Tel: 410 727-7702
Fax: 410 468-2786