The new markets tax credit : background, considerations and issues /

The New Markets Tax Credit (NMTC) is a non-refundable tax credit intended to encourage private capital investment in eligible, impoverished, low-income communities. NMTCs are allocated by the Community Development Financial Institutions Fund (CDFI), a bureau within the United States Department of th...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Otros Autores: Barrett, Marlin (Editor )
Formato: Electrónico eBook
Idioma:Inglés
Publicado: New York : Nova Publishers, [2014]
Colección:Government procedures and operations.
Temas:
Tax credits > United States.
Community development > United States > Finance.
Capital investments > United States.
Crédit d'impôt > États-Unis.
Développement communautaire > États-Unis > Finances.
Investissements de capitaux > États-Unis.
BUSINESS & ECONOMICS > Public Finance.
Capital investments
Community development > Finance
Tax credits
United States
Acceso en línea:Texto completo
Descripción
Sumario:The New Markets Tax Credit (NMTC) is a non-refundable tax credit intended to encourage private capital investment in eligible, impoverished, low-income communities. NMTCs are allocated by the Community Development Financial Institutions Fund (CDFI), a bureau within the United States Department of the Treasury, under a competitive application process. Investors who make qualified equity investments reduce their federal income tax liability by claiming the credit. This book describes the New Markets Tax Credit Program and the major considerations banks may need to address when using the tax cred.
Notas:Includes index.
Descripción Física:1 online resource.
ISBN:9781634636650
1634636651

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