California Competes Tax Credit Application periods 2014-2015


According to a memorandum issued by the Governor’s Office of Business and Economic Development (GO-Biz) there is $150 million of California Competes Tax Credit (CCTC) plus any unallocated amount available from fiscal year 2013-2014. For fiscal year 2014-1015, applications for the CCTC will be accepted during the following periods: • To be determined: $45 million … Read More

The Tangible Property Repair Regulations Webinar Q&A


The Repair Regulations or the Tangible Property Regulations are rules issued by the IRS with regards to the deduction and capitalization of expenditures related to tangible property. The Repair Regulations are applicable to businesses that acquire, produce, replace or improve tangible property. Application of the new Repair Regulations requires an in-depth understanding of various tax … Read More

[Webinar] The November Election and the Tax Legislative Outlook for Real Estate


Several of our executive leadership team at KBKG currently serve as members of The Real Estate Roundtable. As we approach election day, we want voters to understand how the November election could shape future tax legislation and implications for real estate ownership and investment. Last year, KBKG hosted two webinars with special guest speaker and … Read More

KBKG Tax Insight: Affordable Housing Developers & Investors Can Now Reap an Additional $2,000 Tax Credit for Each Unit Leased in 2017


Affordable housing developers benefit from various tax credits from Low-Income Housing Tax Credits to Rehab Credits, yet they often fail to claim a tax credit that is geared towards their developments: the Section 45L Tax Credit. Section 45L is a commonly overlooked section of the tax code that was recently renewed and rewards energy efficient … Read More