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The U.S. Department of the Treasury announced $3.5 billion in New Markets Tax Credit awards aimed at revitalizing low-income communities.

The Historic Boardwalk Hall Case in which the Internal Revenue Service challenged the traditional structure used by tax credit investors in the syndication of Federal Historic Tax Credits came to an uncerimonial end with the denial by the United State Supreme Cout of the taxpayer's writ of certiorari to the high court.