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Posted by admin on January 2, 2013
The American Taxpayer Relief Act of 2012 passed by Congress on January 1, 2013 extends several Federal tax credit benefits critical to the development of many job creating projects in low income areas. The Act authorizes the extension of the Federal New Markets Tax Credit Program for 2013 and 2014 at $3.5 billion dollars of [...]
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Posted by admin on May 15, 2012
Representative Ed Towns (D-NY) recently introduced legislation (HR 5718) to amend Section 45D of the Internal Revenue Code of 1986 to revise the New Markets Tax Credit (NMTC) Program and the rules related to population census tracts with low-income populations. The new rule would take into consideration proximity to other low-income communities, whether the tract [...]
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