Tax credit financing. Tax Code that reduces your tax liability dollar for dollar.

Tax credit financing At the state level, the annual volume cap for the 9 percent tax credit is equal to the state population multiplied by a fixed per capita rate. January 15, 2025. Using Tax Credit Financing RevitalizeWA 2013 Conference Vancouver, WA May 16, 2013 Nicholas Vann Historic Architect, State of Washington Department of Archaeology and Historic Preservation Stephen Day, AIA Stephen Day Architecture PLLC Farrell Building, Camas, WA Jan 28, 2025 · The low-income housing tax credit (LIHTC) program, created in 1986 and made permanent in 1993, is an indirect federal subsidy used to finance the construction and rehabilitation of low-income affordable rental housing. Stinson's tax credit and impact finance (TCIF) attorneys bring cutting-edge knowledge of the industries and sectors that benefit from tax credit finance structures. Historic Consultants brings together the financial and historic application services under a single umbrella to provide a one-stop shop to maximize Feb 5, 2025 · Housing Tax Credit Finance Conference. See full list on investopedia. DFWR’s mission is to enable New Markets Tax Credit (NMTC) investments that target eligible economically distressed communities throughout a 34-county area of Northeast Our team assists our lender clients when they utilize tax credit programs such as Low-Income Housing Tax Credits, New Markets Tax Credits, Historic Rehabilitation Tax Credits, Renewable Energy Tax Credits, and various state tax credits and grants when lenders are providing crucial financing for affordable housing, historic rehabilitation, and The Tax Credit Finance Reference Guide is the primary curriculum for CDFA's Intro Tax Credit Finance Course. They can then claim these R&D tax credits annually by submitting a form to the CRA. Syndication services Tax Credit Financing The Development Fund of the Western Reserve (DFWR) is a Community Development Entity (CDE) managed by the Development Finance Authority of Summit County. There are three main federal tax credit programs: New Markets Tax Credits, Historic Rehabilitation Tax Credits and Low-Income Housing Tax Credits. Historically, low-income communities have lacked investment and resources. Offer financing options that align with ITC savings (e. Gentry Locke attorneys help you navigate tax credit laws and can evaluate whether your next project is a good fit for any tax-credit programs. Drawing upon the combined experience of an interdisciplinary team of attorneys from our corporate, finance, tax, and real estate practice groups, we provide comprehensive legal counsel to our clients participating in the NMTC program or in NMTC transactions. Dec 9, 2024 · A tax credit is an amount of money authorized by the U. Tanza Loudenback is a personal finance expert and a Certified Financial . If you select No, you may be eligible for the credit, assuming other requirements are met. Our section represents lenders, developers, non-profit organizations, and community development organizations to maximize and take advantage of local, state and federal tax credits to get the most value out of each project. S. Chapter 1: Basics of Tax Credit Finance Covering: What is a Tax Credit?, Tax Credits as a Form of Government Financing, Benefits of Tax Credit Programs, Pros and Cons of Tax Credits, Guidelines and Procedures Chapter 2: Types of Tax Credits The attorneys in Messerli Kramer’s Banking and Finance group have vast experience in assisting clients with tax credit-based financing. Bank tax credit programs help you fill financing gaps to invest in community development projects such as low-income housing and renewable energy. Congress authorizes the amount of credit, which the Treasury then allocates to qualified applicants. The 4 percent tax credit allocation is Nov 11, 2024 · With a thorough understanding of the intricacies of state and federal incentive programs, our Tax Credit Finance and Opportunity Zones team works with clients to quickly identify and capitalize on the programs that create the greatest amount of resources for their projects. There are also numerous state tax credit programs available, which can be found in the map provided in the resource center below. 34B in private investments have helped preserve 47,000+ historic properties. 1/6. Feb 3, 2025 · The Neighborhood Homes Tax Credit Working Group, like the OZ Working Group did before its creation, is helping to shape legislation authorizing the neighborhood homes tax credit to help finance owner-occupied housing, especially in distressed communities where the cost to construct or acquire and rehabilitate single-family housing is more than What are tax credit financings? Tax credit financing is a method of funding real estate projects by leveraging federal or state tax credits. Low-Income Housing Tax Credit Construction To Perm “Patrick, Josh and the entire Blue Fox Financing team are simply incredible. HCAs award tax credits to developers based on the housing needs identified and selection criteria established. Our experience includes virtually every aspect of tax credit transactions: Low-Income Housing Tax Credit; New Markets Tax The Intro Tax Credit Finance Course examines the variety of tax credit programs and their use in economic development efforts. 5% of mortgage loan commitment amount for permanent financing. We invite you to speak with our team to learn how we can utilize New Market Tax Credits to finance your project in underserved communities. Nov 1, 2022 · We break down the NMTC Program—from eligibility requirements to its focus on improving distressed communities. The positive impact of a New Market Tax Credit. Our U. 0866 Client Pay Explore the latest insights on federal and state tax credits and incentives at Taft Tax Credit Finance Insights. We’ll assume a 30% discount such that the tax As of September 2024, Capital Impact Partners has received $792 million in New Markets Tax Credit Allocation. Gather insight from top low-income housing tax credit (LIHTC) experts and get a better understanding of how major legislation could affect your financing strategy. Well, welcome to the show. Feb 18, 2019 · These tax credits can then be used by the investor over the five-year compliance period (20% per year) after obtaining Part 3 approval (the final NPS sign-off) post-construction. Feb 5, 2025 · Discover new ways to finance and secure your affordable housing developments. Counsel to the Borrower in connection with a New Markets Tax Credit financing for a $6,000,000 “cooperatively owned” grocery store in Dayton, Ohio, including a community room, community health clinic and a teaching kitchen. Qualified Basis is multiplied by the Tax Credit Percentage (commonly known as the 9% or 4% rates, but actually fluctuate)but actually fluctuate) Result is annual Tax Credit amount Tax Credit amount is generated each year over a 10-20 Year Period During the 2024/2025 Budget presentation, the Minister of Finance and the Public Service announced the implementation of the Reverse Income Tax Credit. Effortless transactions. Founder and PresidentTara Hamacher founded Historic Consultants in 1994 as a real estate consulting firm specializing in financing, tax credit syndication, consulting, and project management services for large scale historic redevelopment projects. Rather than providing a direct federal grant to projects, the program marshals the private sector resources by providing a incentive for taxpayers to invest a community development organizations The Advanced Tax Credit Finance Course offers an in-depth exploration of tax credit financing, building upon foundational knowledge to delve into complex deal structures and compliance requirements. Four Seasons Hotel Las Vegas. More… Historic Building Financing Feb 25, 2025 · Novogradac Launches 2025 Journal of Tax Credits Awards Season. We Apr 17, 2019 · These include the low-income housing tax credit (LIHTC); the new markets tax credit (NMTC); and two energy-related tax credits—the renewable electricity production tax credit (PTC) and energy investment tax credit (ITC). Our experts provide guidance on maximizing tax benefits for businesses, navigating compliance, and staying up-to-date with evolving tax laws. Since its inception, the NMTC program has expanded into communities across the nation. We're starting off the year strong today with a very hot topic in the renewable energy community. In addition, the association produces Tax Credit Advisor publications for organizations interested in financing tax credit projects. As one of the largest tax credit syndicators in the nation, U. During this time, NMTC projects must maintain compliance with the NMTC regulations. Credit, and to a lesser extent, income, generally determines approval for auto loans, whether through dealership financing or direct lending. The New Markets Tax Credit (NMTC) was established in 2000. Hello, I hope you're well. Leverage the ITC in Marketing and Sales Materials. Terms. From 2003 through 2023, the program has parceled out credits worth $40 billion (in 2023 dollars). Venable has extensive experience with New Market Tax Credit (NMTC) financing transactions. A film and TV tax credit loan is a newer type of loan that uses your future film and high-end television tax credit payments (from HMRC) as security. This is a podcast series that we launched last year to help you stay current regarding Renewable Energy Tax Credit financing news, trends and strategies. Mar 4, 2025 · The volume of renewable energy tax credit (RETC) transactions has grown dramatically in recent years, largely fueled by the enactment of the Inflation Reduction Act (IRA) of 2022, which extended and expanded federal incentives to finance renewable energy and carbon emission reduction technologies. AHI is a 501 (c) 3 tax exempt housing developer. Georgia DCA awards Housing Tax Credits to qualified development teams. Federal tax direct investments; State tax direct investments; Multi-investor fund investments Representative Matters – New Markets Tax Credit Transactions. Tax credit programs, such as the Low-Income Housing Tax Credit (“LIHTC”), New Markets Tax Credit (“NMTC”), Historic Rehabilitation Tax Credit (“HRTC”), and Renewable Energy Tax Credit (“RETC”), provide critical gap financing for developing underserved communities, historic rehabilitation, low-income housing, and clean energy. Child Tax Credit We provide credit enhancement for tax-exempt bonds issued to finance the acquisition, new construction, refinancing, or moderate to substantial rehabilitation of multifamily properties. December 5-6 Four Seasons Las Vegas. To qualify for tax credit financing, applications must satisfy the criteria for at least one of the following categories: Manufacturing projects occupied by at least one manufacturer, regardless of project size; Historic rehabilitation projects that develop or adaptively reuse a certified or recognized historic structure; and Jun 1, 2019 · Turbo Tax Question: "Did you assign your Motor Vehicle Tax Credit Assigned to Financing Company?" Is this asking me is I financed my new car. ‍ Jan 7, 2025 · Under IRC Section 48, if a project is financed in whole or in part by subsidized energy financing or by tax-exempt private activity bonds, a business must reduce the basis for calculating the credit by the amount of any such incentives received. ‍ 0:53 Well, let's start right off, can you tell us about your initial foray into the world of film tax credit finance, particularly with the Louisiana program. Feb 5, 2025 · Novogradac 2022 Tax Credit Housing Finance Conference. This 90-minute course covers the basic methodology and calculations for LIHTC financing. The federal low-income housing tax credit is one of the most effective tools ever created for financing the development of affordable housing. This course will discuss the practical application of tax credit programs including brownfields, new markets, low income housing, historic preservation, and state-specific programs. Our mission and values include all parties benefiting from the transaction - the developer, the investor, and the community. Created by the Tax Reform Act of 1986, the LIHTC program gives State and local LIHTC-allocating agencies the equivalent of approximately $10 billion in annual budget authority to issue tax credits for the acquisition, rehabilitation, or new construction Nov 18, 2022 · program may receive a tax credit which can be applied against the Rhode Island corporate income, public service corporation, bank excise, insurance company gross premiums, or personal income tax. com Investors receive a tax credit against their federal income tax. 3960 S. We take care of everything: run the diligence process, procure insurance, and advise both parties. Las Vegas Boulevard Las Vegas, NV 89119 (702) 632-5000. We have been involved in numerous transactions using various tax credit financing mechanisms including federal and state historic tax credits; low income housing tax credits; and new market tax credits. DCA's process for allocating funds through the Georgia Housing and Finance Authority is outlined in the Qualified Allocation Plan (QAP). Out of the small handful of UK companies that offer tax credit advances, we’re the only ones that can do it in as little as 60 minutes from submission. This $10MM of NMTCs represents a $3. In addition, borrowers with excellent credit will most likely receive lower interest rates, which will result in paying less for a car overall. Octagon Finance originates, structures, underwrites, monitors, and services all loans. banyan-grove. ‍ 0:50 Thanks very much for having me, Cameron. Mar 31, 2024 · The text below is, Did you assign your motor vehicle tax credit to a financing company? If you select Yes, this means that you've assigned the credit to a financing company, and you won't get the credit on your tax return. illustrates that the popularity of the program only continues to grow. The credit amount varies based on the taxpayer's income, filing status, and number of qualifying children. The Historic Tax Credit (HTC) program helps close the financing gap between the cost of a rehabilitation project and its return on investment. Mar 5, 2025 · With direct federal and state Historic Tax Credit investments and a range of lending products, our goal is to bring simplicity to your complex financing challenges and make processes efficient and straightforward—helping you complete your historic renovation project faster. While these credits all use the tax equity financing mechanism, no two credits do so in the same manner. Bancorp Impact Finance provides investors predictable tax benefits and risk mitigation opportunities while aligning with your social impact, sustainability and Community Reinvestment Act (CRA) goals. Applegate & Thorne-Thomsen represents tax credit syndicators, direct investors, developers (for-profit and non-profit) and public agencies in all facets of tax-incentivized transactions. Sep 19, 2023 · This 800th episode of the Novogradac Tax Credit Tuesday podcast launches “Renewable Energy Tax Credit Finance Series,” which will focus on renewable energy tax credit (RETC) financing updates and trends. New Markets Tax Credits. The lenders on the Blue Fox platform specialize in this type of financing structure and can lend the money before a film starts production, during production, or after production has been completed. To combat this disinvestment, Congress established the New Markets Tax Credit Program (NMTC) in 2000. TCF’s clients have been able to lower their effective tax rates, secure tax credit equity, increase their cash flow, increase their after-tax earnings, and potential improve their corporate image. The use of debt financing and film tax credit financing to produce a film is not necessarily unconventional, but the techniques might be something that appear confusing at first. The Tax Credit Finance practice group is a nationally recognized leader in representing owners and developers of real estate through the use of development incentives such as Low Income Housing Tax Credits, Historic Preservation Tax Credits, Renewable Energy Tax Credits and New Markets Tax Credits. US En . Tax Code that reduces your tax liability dollar for dollar. We guide project owners and tax credit investors every step of the way, from advising and structuring to aligning interests, ensuring optimal returns on investment and enhanced tax credit equity. tax credits must also be included in a state’s QAP. Enacted in 1986 as a way to encourage private investment, the credit has helped fund more than 2. Federal and state low-income housing tax credits For over 30 years, Porter Wright has represented Since it was established by the Tax Reform Act of 1986, the Low-Income Housing Tax Credit (LIHTC) program has produced more than 3 million homes, making it the most important source of funding for affordable housing in the United States. Patrick and Josh expertly guided us through the financing of our tax credit They are extremely knowledgeable, patient, energetic and above all, wonderful people. This tax credit is geared at giving back to registered Jamaican taxpayers who earn less than 3 million dollars annually and who make positive contribution to society whether through self The Intro Tax Credit Finance Course examines the application of tax credit programs in greater economic development finance efforts. During this time, any take-out financing must also agree to sign a SNDA with the tax credit investor. 1 The program was designed to leverage tax credits to provide a much-needed source of Tax Credit Financing since 1993. HTCs reduce Federal income tax liability on a dollar-for-dollar basis. 5. The Federal government, through Section 47 of the Internal Revenue Code, created the Historic Tax Credit (HTC) program to encourage the preservation, rehabilitation and adaptive reuse of historically significant buildings. Tax Credit Development Financing. In some instances, a recipient may redeem the tax credit in whole or in part for ninety percent (90%) of the value of the tax credit. Provide personalized estimates using their projected system size and total tax credit savings. Jul 12, 2021 · In fact, many filmmakers secure financing through investments, loans, and even film tax credit financing. So what is Jan 18, 2024 · We're here to learn about the inner workings of tax credit financing, and its impact on the film industry. In the example below, we’ll assume that a $15MM project obtains a $10MM allocation of NMTCs. State Tax Credits 🔥 0% Financing + New Mattresses + Tax Credit Savings—Sleep better & save BIG! 💰 Apr 11, 2024 · Preserving communities with Historic Tax Credit. This course discusses the practical application of tax credits for supporting new markets, low-income housing, historic preservation, and other local goals. Graphic: a map icon of the United States. MoFi works with investors to turn the credits into cash, and then uses that cash to fund catalytic development projects that create jobs and expand community Tax Credit Syndications Meet your economic and impact goals with customized tax credit portfolios. We have been at the forefront of all things related to the Low Income Housing Tax Credit (LIHTC) since 1989, partnering with real estate developers who build and rent multi-family housing to those making 60% or less of their area’s median income. Our attorneys have extensive experience representing financial institutions in tax credit financings throughout the country, including lender representation in hundreds of construction projects supported by one or more of the following: low income housing tax credits, ARRA Tax Credit Exchange Funds, ARRA Tax Credit Assistance Program Funds, historic tax credits, new markets tax credits, lost Mar 11, 2022 · How Does Tax Credit Financing Work? While tax credits give Canadian businesses substantial funding to pay for eligible expenses, they aren’t accessible right away. And that's the topic of transferability. Easly Advances can range from $50,000 to $25,000,000. g. Tax credit financing. An Easly Advance is our form of investment tax credit financing, provided through our Capital-as-a-Service platform. 35 year maximum term; 35 year maximum amortization; Fees. Four Seasons Las Vegas. Tax credit programs such as Low-Income Housing Tax Credits (LIHTC), New Markets Tax Credits (NMTC), Historic Rehabilitation Tax Credits, Renewable Energy Tax Credits and various state tax credits provide crucial financing for affordable housing, historic rehabilitation, highly distressed and low-income community development projects. For the year 2022 alone, a sector breakdown of the number of businesses that benefited from New Markets Tax Credit funding throughout the U. The New Markets Tax Credit program can result in financing for development projects outside of conventional underwriting criteria, resulting in a funding gap. Energy Tax Credit Finance Series. Annual Awards Recognize Greatness in Affordable Housing, Historic Rehabilitation, New Markets Tax Credit Financing and More Aug 5, 2017 · He has been involved in a series of "firsts" in the renewable power industry, including representing: -a major solar developer in the first open-ended, distributed solar tax-equity transaction involving a commercial and small utility scale projects -a large financial institution as tax-equity investor in the first residential, solar tax-equity Mar 6, 2025 · I represent real estate owners, developers and tax credit investors on complex development and finance-related issues, including the use of tax-exempt bonds; tax increment financing; tax credits; city, county and other governmental subsidies; and acquisition and disposition of partnership interests. The Low-Income Housing Tax Credit (LIHTC) program is the most important resource for creating affordable housing in the United States today. Menu 866. 9MM federal tax credit that a bank (or some other tax credit investor) will purchase. Some organizations, such as Easly, finance these tax credits to help enterprises access their funds Learn about how PNC specializes in innovative tax credit equity financing solutions for Historic Tax Credit (HTC), New Markets Tax Credit (NMTC), and Low Income Housing Tax Credit (LIHTC) customers. Credit. Since 1976, $116. This tax credit can be sold at closing for cash which generates the subsidy. We represent syndicators, lenders, developers and investors with tax credit planning and implementation in all phases of tax credit projects to help our clients achieve the most efficient tax and economic structure. , lower upfront payments with expected tax credit reimbursements). CEI helps clients negotiate with investors to maximize the amount of equity raised while maintaining control over the development and ensuring long-term affordability for the residents. December 1, 2022 to December 2, 2022 The Intro Tax Increment Finance Course offers an in-depth look at the guiding principles and appropriate application of TIF. Our partners are pragmatic, business minded, and responsive; our experienced associates and paralegals enable us to staff matters appropriately; and our legal advice is delivered with an CEI has extensive experience working with nonprofit developers to raise equity capital through the syndication of low-income housing tax credits, energy credits, and historic tax credits. financing which mirror the financing sources the tax credit investor used to make the QEI, one loan mirrors the leverage loan and the other loan is the NMTC subsidy, the gap financing source. Low Income Housing Tax Credit financing allows commercial real estate developers to gain equity in affordable housing projects, though it can be extremely complex. Through the use of tax credit financing structures designed to utilize New Markets Tax Credits, Federal Historic Rehabilitation Tax Credits and State Historic Tax Credits, Crescent Growth Capital has since 2008 successfully leveraged some $2. Topics discussed include the basics of TIF, negotiating and structuring TIF deals, understanding various financing structures, and combining TIF with different capital sources. All students will receive a spreadsheet to help them understand and model LIHTC financing. Over the last three decades, the Housing Tax Credit has become the most successful affordable rental housing production program in history. Opportunities. You have to first qualify for either film or high-end TV tax credits. May 1, 2006 · The downside of tax-exempt bond financing is that it only allows a project to qualify for the 30% present value credit (4% credit). Our 43 attorneys, supported by 19 paralegals, handle all aspects of tax credit financed housing and community development initiatives on a nationwide basis. The loan works on the same principle as an R&D tax credit loan. Origination Fee of 1. Only when the project is complete and the real construction costs are determined does the owner know that the 50% test has been met. Get […] Jul 24, 2022 · The 39% tax credit generated by NMTC financing is claimed by investors over a seven-year compliance period. Because of a new announcement from the US Treasury that was released on 12/19/2022, the Tesla Model 3 RWD (title erroneously says LR), Model Y Long Range, and Model Seamless tax credit financing. In real estate transactions, tax credits help attract investors and facilitate affordable housing development, historic preservation, and renewable energy projects. We provide a full range of legal services to tax credit investors, lenders, developers, nonprofit organizations, community development entities, governments, syndicators, underwriters and qualified businesses in transactions Tax Credits Receive a loan collateralized by state tax incentives. United The New Markets Tax Credit was designed to increase the flow of private sector capital to businesses, nonprofits, community facilities, and other important projects in America’s poorest communities. Printable full term sheet. 983. National Trust for Historic Preservation The National Trust for Historic Preservation is a private, nonprofit membership organization dedicated to saving historic places and revitalizing America’s communities by Dorfman Capital excels in securing critical project equity through the sale and placement of state and federal tax credits and other financing to an expanding base of world-class investors. This is exactly what Adsum offers. The New Markets Tax Credit (NMTC) program is a federal tax incentive authorized by Congress in 2000 to help spur the investment of capital in small businesses and commercial real estate located in communities of need. Historic Tax Credit Bridge Loans Octagon Finance is a tax credit bridge lending investment adviser that makes loans to developers of real estate properties that qualify for federal and state historic rehabilitation, new markets, low-income housing, and municipal tax credits. This film was the first we produced and we sure made a good deal of mistakes along the way. These incentives can come in the form of a credit or rebate. These Our tax credit financing team helps clients structure, negotiate, and document transactions that support business objectives and drive economic development. 25 billion in tax credit equity in dozens of closings across the nation. Creating and Preserving Affordable Housing. Feb 16, 2019 · Some bridge lenders are also gap lenders, and a few permit “one-stop shopping” by also providing pre-sale financing and loans secured by tax credits, discussed below. 7 million new homes that are affordable to low-income families, the formerly homeless, the elderly, the What is SR&ED Tax Credit Financing? Canadian businesses conducting eligible R&D work earn refundable SR&ED tax credits as they spend on a wide range of eligible expenditures. We make clients aware of development incentive opportunities they otherwise didn’t know were possibilities and, with Benefits of New Markets Tax Credit Financing Access to Affordable Capital The potential for flexible terms – including below market interest rates, lower down payment requirements, interest-only payments, and the opportunity for principal reduction at maturity – making it more affordable for borrowers compared to traditional loans leading Jul 12, 2023 · Common Tax Credits Earned Income Tax Credit. Common restrictions include, but aren’t limited to: Return of principal during the compliance period; Hold fewer than 5% of assets as cash or cash Our Bridge Financing Program can be used to pre-fund ensuring state and/or federal tax credit equity and to acquire or refinance multi-family properties. For people interested in Tesla electric vehicles, there has been a lot of confusion and uncertainty around whether they will qualify for the full $7,500 tax credit from the Inflation Reduction Act (IRA). NATIONALLY. Tax Credit Finance, LLC (“TCF”) advises clients with their tax incentive investments and equity requirements. Source At Tax Incentive Finance (TIF), we possess the expertise and dedication necessary to unlock and maximize your tax benefits. As a balance sheet lender Tax credit financing lets companies press fast forward and get their capital quickly, as an instant payment of their future HMRC credit. Usually, they are only disbursed annually after claims are filed at tax time. Dec 5, 2024 · The full PTC or ITC tax credit eligibility versus the 15% reduction in tax credit value is only one factor that state and local governments should consider when deciding between taxable and tax-exempt bond financing, and, ultimately, decision makers should determine whether this reduction is material enough to warrant using taxable bonds to Tax Credit Financing & Syndication Our attorneys represent developers and investors in utilizing federal and state tax credits, in conjunction with other creative sources of financing, to get deals done that work towards the betterment of our communities. The New Markets Tax Credit (NMTC) program provides business, developers, and non-profits with capital at very favorable terms to help spur investment in economically distressed areas. Add the ITC benefit to your website, brochures, and presentations. In this episode, Michael Novogradac, CPA, and Tony Grappone, CPA, discuss various factors affecting RETC structuring trends, including the Inflation Reduction Act, transferability Incentive: 30%: Private Investment Scheme: Labor: Resident ATL: 30%: Resident BTL: 30%: Qualified Spend: Spend: 30%: At least 80% of Lithuanian production costs have to be spent in Lithuania. You’ll receive the accrued portion of your SR&ED refund on-demand. The Earned Income Tax Credit (EITC) is a refundable tax credit designed to help low- to moderate-income working individuals and families. tohjj goj epp cgybgy tvqzvu qrk aizbx hkbgf nmezg yzpa gnaggi izvypmn zbwsa frrjo wzxugq