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Diane Publishing Books
New Markets Tax Credit: The Credit Helps Fund a Variety of Projects in Low-Income Communities, but Could be Simplified
Michael Brostek (au)
The Treasury Dept.ís Community Develop. Financial Institutions (CDFI) Fund awarded $26 billion in New Markets Tax Credits (NMTC) through 2009 for invest. in low-income communities. The NMTC allows investors to claim a tax credit totaling 39% of their invest. in Community Develop. Entities (CDE) over 7 years which CDEs reinvest in communities. This report: (1) describes where and how CDEs are using NMTCs; (2) assesses how CDEs use NMTCs to offer favorable financing terms to low-income community bus. and describes options for simplifying the NMTC; (3) describes how NMTC invest. support low-income community develop.; and (4) determines how effective IRS and the CDFI Fund have been in monitoring NMTC compliance. Illustrations.
How to Spec Type
McGraw-Hill Multimedia Handbook
Anti-Depressant Survival Program: How to Beat the Side Effects & Enhance the Benefits of Your Medication
Southern World: Trade & Travel Routes
Fourth Book of Sexual Questions & Answers
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