New Market Tax Credits

Posted on: March 12th, 2011 by NADO Admin

The New Markets Tax Credit (NMTC) Program offered by the U.S. Department of Treasury permits taxpayers to receive a credit against Federal income taxes for making qualified equity investments in designated Community Development Entities (CDEs). Substantially all of the qualified equity investment must in turn be used by the CDE to provide investments in low-income communities. The credit provided to the investor totals 39 percent of the cost of the investment and is claimed over a seven-year credit allowance period.

Click Here to view a New Market Tax Credit fact sheet from the Community Reinvestment Fund

(http://www NULL.cdfifund NULL.asp?programID=5)

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