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Diane Publishing Books
New Markets Tax Credit: Better Controls and Data Are Needed to Ensure Effectiveness
James R. White (au)
Congress established the New Markets Tax Credit (NMTC) program as part of the Community Renewal Tax Relief Act of 2000 to encourage investors to invest in impoverished, low-income communities that traditionally lack access to capital. In recent years, private investors have claimed more than $1 billion in NMTCs annually. The credits are combined with private loans and other public funds to support investments in low-income communities. This report reviewed the financial structure of NMTCs. It assesses: (1) the complexity and transparency of NMTC financial structures and controls over the size of federal subsidies; (2) what is known about the types and amounts of fees and other costs of the financial structures; (3) what is known about the equity remaining in low-income community businesses after the 7-year credit period; and (4) what is known about NMTC project failure rates. Tables and figures. This is a print on demand report.
Behavior & Learning of Animal Babies
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Family Herbal Cookbook: A Guide to the Ancient Chinese Philosophy of Food & Health
Customer Service Operations: The Complete Guide
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