Final New Markets Tax Credit Rules Issued for Targeted Populations

摘要

The Internal Revenue Service has issued final New Markets tax credit (NMTC) regulations explaining how entities serving targeted populations can meet the requirements for a qualified active low-income community business (QALICB).The rules were published in the December 5 Federal Register, effective immediately.Under the NMTC program, community development entities (CDEs) must make qualified low-income community investments, which can include equity investments and loans to QALICBs.