New Markets Tax Credit Financing (Presentation)

more+
less-

NMTC Background -

•At the time of enactment, the New Markets Tax Credits (NMTCs) program was the largest federal subsidy created for economic development in low-income communities.

•The NMTCs program was administered by the US Treasury’s Community Development Financial Institutions Fund (CDFI) and the Internal Revenue Service under Section 121 of the Community Renewal Tax Relief Act of 2000. CDFI allocates NMTCs each year based on an application process.

•NMTCs are codified in Section 45D of the Internal Revenue Code.

Please see full presentation below for more information.

LOADING PDF: If there are any problems, click here to download the file.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Nexsen Pruet, PLLC | Attorney Advertising

Written by:

more+
less-

Nexsen Pruet, PLLC on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×