Ad
related to: new markets tax credit illinoisForward-Looking Features And Comprehensive Design - NerdWallet
Search results
Results From The WOW.Com Content Network
The New Markets Tax Credit (NMTC) Program is a federal financial program in the United States. It aims to stimulate business and real estate investment in low-income communities in the United States via a federal tax credit. The program is administered by the US Treasury Department's Community Development Financial Institutions Fund (CDFI Fund ...
The Community Renewal Tax Relief Act of 2000 authorized the creation of 40 renewal communities and created the New Markets Tax Credit Program. The program originally ended on December 31, 2011. [5] However, on February 1, 2013, the Joint Committee on Taxation extended the program for another two years to December 31, 2013. [6]
A third provision of the Community Renewal Tax Relief Act of 2000 was the establishment of tax incentives for investment or loans provided to small businesses in low-income communities. This tax credit, known as the New Markets Tax Credit Program, is established for investments in community development entities (CDEs). CDEs have three official ...
For premium support please call: 800-290-4726 more ways to reach us
The bill also created the New Markets Tax Credit Program, which has been renewed several times and is still in effect. [3] One provision of the Community Renewal Tax Relief Act of 2000 was the creation of 40 "renewal communities". [2]
Expenses (2015) $121,483,767 [1] Website. www .lisc .org. The Local Initiatives Support Corporation ( LISC) is a US non-profit community development financial institution (CDFI) that supports community development initiatives across the country. It has offices in nearly 40 cities and works across 2,100 rural counties in 44 states. [2]
For premium support please call: 800-290-4726 more ways to reach us
v. t. e. The Low-Income Housing Tax Credit (LIHTC) is a federal program in the United States that awards tax credits to housing developers in exchange for agreeing to reserve a certain fraction of rent-restricted units for lower-income households. [ 1] The program was created under the Tax Reform Act of 1986 (TRA86) to incentivize the use of ...
Ad
related to: new markets tax credit illinoisForward-Looking Features And Comprehensive Design - NerdWallet