Working with large, dependable institutional and corporate investors, our team of tax equity specialists will facilitate the placement of your federal and state tax assets quickly and at competitive rates.
global X strives to be a significant, value-adding capital resource to its solar energy developer partners – providing tax equity to solar renewable projects between 1MW – 6MW of capacity. With internal capabilities developed over 20 years of experience, global X is both a quantifiable funding source and true partner as our team works with developers from the earliest stages of project management through implementation and operations. Developers can look to global X as a reliable equity partner to address structural issues and reduce complexities, open doors to significant sources of capital, aide in project management and analysis, and assist across the entire development process.
The professionals at global X possess industry-leading knowledge and experience in the syndication and use of federal historic rehabilitation credits, available under Section 47 of the Internal Revenue Code. global X has advised investors, developers, and property owners on a myriad of tax credit structuring and compliance issues, and currently manages two captive investor funds that target rehabilitation projects generating $3.0 million of federal credits or less. The global X team’s real estate, tax, and legal expertise provides its clients the ability to understand and utilize federal rehabilitation credits in complex ownership structures, oftentimes in combination with other tax assets, such as preservation easements, new markets tax credits, state historic rehabilitation tax credits, brownfields credits, and low income housing tax credits. That expertise facilitated the negotiation of investment terms and conditions on behalf of clients compliant with recently released Section 47 IRS guidance (Revenue Procedure 2014-12) even prior to the release of such guidance and places the firm in a unique position to understand and apply that guidance to federal tax credit projects going forward.
The Federal Historic Preservation Tax Incentives program encourages private sector investment in the rehabilitation and adaptive re-use of historic buildings. Specifically, the Historic Preservation Easement is a tax asset the Federal Government made available for protecting historic structures in our communities. Defined by the Internal Revenue Code Section 170(h) and managed by the National Park Service in partnership with the IRS, this program consists of a charitable deduction that allows for a reduction in the donor’s tax liability. By participating in historic rehabilitation projects you are helping protect the heritage of our communities, foster job growth, revitalize neighborhoods, and stimulate economic activity.
As an investor in a historic rehabilitation project, the tax benefit of the historic preservation easement can reduce your federal tax liability. Not only do investors get a return on their investment, but they help the government realize a social objective, grow the tax base, and increase economic activity.
global X has advised both developers and investors on the syndication of state historic rehabilitation tax credits since the inception of the firm. State historic tax credits generally offset state tax liabilities, though the types of tax against which the credits may be utilized differs from state to state. Numerous states also permit the credits to generate refunds of taxes previously paid if no current tax liability exists. Depending upon the state, historic credits may be “certificated” (i.e., useable without investment in a partnership or other pass-through entity) or “allocated,” which requires investment in and admission to a pass-through ownership entity (as is the case with federal historic tax credits). Allocated credits present many of the same challenges in structuring and compliance as the federal credit program and global X endeavors to ensure that investors and developers follow best investment practices. global X is familiar with the intricacies of various state programs and assists its clients in maximizing the benefits available from those programs.
With years of experience, global X is your resource for tax credit equity to fund your film production. global X is dedicated to providing seamless execution of your tax equity transaction from sourcing, structuring and funding – allowing peace of mind that your capital needs will be met. Our team of professionals is well versed in the nuances of state incentive programs and will make sure that your tax equity transaction is fast, efficient and exceptional.