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• New_Markets_Tax_Credit_Program abstract "The New Markets Tax Credit (NMTC) Program was established in 2000 as part of the Community Renewal Tax Relief Act of 2000. The goal of the program is to spur revitalization efforts of low-income and impoverished communities across the United States and Territories. The NMTC Program provides tax credit incentives to investors for equity investments in certified Community Development Entities, which invest in low-income communities. The credit equals 39% of the investment paid out (5% in each of the first three years, then 6% in the final four years, for a total of 39%) over seven years (more accurately, six years and one day of the seventh year) . A Community Development Entity must have a primary mission of investing in low-income communities and persons.The concept behind the NMTC emerged in the late 1990s, when numerous foundations and think tanks were working to popularize the idea of using business-oriented mechanisms to help disadvantaged communities increase wealth and jobs. For example, business, community, academic, and public sector participants at the 1997 American Assembly meeting issued a report urging business leaders to reinvest in urban areas in the U.S. The final report also pushed nonprofit and governmentofficials to help lead this new effort to open untapped markets through a fostering of “community capitalism.” It defined community capitalism as a “for-profit, business-driven expansion of investment, job creation, and economic opportunities in distressed communities, with government and the community sectors playing key supportive roles.” To accomplish this revival, participants called for improving access to capital (especially through equity investment) and ensuring greater technical assistance for businesses. These were seen as the two key ways of “energizing community capitalism in distressed areas”. The report set out crucial components of the future New Markets initiative. The American Assembly disseminated the final report widely, including sending it to the White House and Congress. Vice President Al Gore, in support of the conference conclusions, stated that, “The greatest untapped markets In the world are right here at home, in our distressed communities.”".
• New_Markets_Tax_Credit_Program wikiPageExternalLink community-capitalism-rediscovering-markets-americas-urban-neighborhoods.
• New_Markets_Tax_Credit_Program wikiPageExternalLink nmtccoalition.org.
• New_Markets_Tax_Credit_Program wikiPageExternalLink CDEcertificationApplication.pdf.
• New_Markets_Tax_Credit_Program wikiPageExternalLink programs_id.asp?programID=5.
• New_Markets_Tax_Credit_Program wikiPageExternalLink www.newmarkets.org.
• New_Markets_Tax_Credit_Program wikiPageExternalLink tax_credits.
• New_Markets_Tax_Credit_Program wikiPageExternalLink Sec._45D._New_markets_tax_credit.
• New_Markets_Tax_Credit_Program wikiPageID "14092511".
• New_Markets_Tax_Credit_Program wikiPageRevisionID "603622352".
• New_Markets_Tax_Credit_Program cleanup "March 2009".
• New_Markets_Tax_Credit_Program confusing "March 2009".
• New_Markets_Tax_Credit_Program hasPhotoCollection New_Markets_Tax_Credit_Program.
• New_Markets_Tax_Credit_Program refimprove "March 2009".
• New_Markets_Tax_Credit_Program subject Category:2000_in_law.
• New_Markets_Tax_Credit_Program subject Category:Tax_credits.
• New_Markets_Tax_Credit_Program subject Category:Taxation_in_the_United_States.
• New_Markets_Tax_Credit_Program type Abstraction100002137.
• New_Markets_Tax_Credit_Program type Act100030358.
• New_Markets_Tax_Credit_Program type Action100037396.
• New_Markets_Tax_Credit_Program type Change100191142.
• New_Markets_Tax_Credit_Program type ChangeOfMagnitude100351485.
• New_Markets_Tax_Credit_Program type Decrease100351638.
• New_Markets_Tax_Credit_Program type Event100029378.
• New_Markets_Tax_Credit_Program type PsychologicalFeature100023100.
• New_Markets_Tax_Credit_Program type TaxCredit113378968.
• New_Markets_Tax_Credit_Program type TaxCredits.
• New_Markets_Tax_Credit_Program type YagoPermanentlyLocatedEntity.
• New_Markets_Tax_Credit_Program comment "The New Markets Tax Credit (NMTC) Program was established in 2000 as part of the Community Renewal Tax Relief Act of 2000. The goal of the program is to spur revitalization efforts of low-income and impoverished communities across the United States and Territories. The NMTC Program provides tax credit incentives to investors for equity investments in certified Community Development Entities, which invest in low-income communities.".
• New_Markets_Tax_Credit_Program label "New Markets Tax Credit Program".
• New_Markets_Tax_Credit_Program sameAs m.03ct9_3.
• New_Markets_Tax_Credit_Program sameAs Q7010040.
• New_Markets_Tax_Credit_Program sameAs Q7010040.
• New_Markets_Tax_Credit_Program sameAs New_Markets_Tax_Credit_Program.
• New_Markets_Tax_Credit_Program wasDerivedFrom New_Markets_Tax_Credit_Program?oldid=603622352.
• New_Markets_Tax_Credit_Program isPrimaryTopicOf New_Markets_Tax_Credit_Program.