About The New
Markets Tax Credit Program (NMTC)
NMTC is a federal community
development program designed to stimulate the flow of investment capital
in underserved communities.
Taxpayers that make qualified equity
investments in designated Community Development Entities (CDEs) receive a
tax credit that is claimed over a multi-year credit allowance period.
Substantially all of the qualified equity investment must in turn be
used by the CDE to provide investments and job creation in low-income
communities.