New Markets Tax Credit Program
E2188
The New Markets Tax Credit Program is a U.S. federal initiative that incentivizes private investment in low-income communities by offering tax credits to investors in qualified community development projects.
All labels observed (3)
| Label | Occurrences |
|---|---|
| New Markets Tax Credit Program canonical | 10 |
| New Markets Tax Credit | 2 |
| Community Renewal Tax Relief Act of 2000 | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T28704 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: New Markets Tax Credit Program Context triple: [Community Development Financial Institutions Fund, manages, New Markets Tax Credit Program]
-
A.
Point Four Program
The Point Four Program was a U.S. foreign aid initiative launched in 1949 to provide technical assistance and economic development support to poorer countries as part of Cold War-era efforts to promote stability and counter communism.
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B.
Small Business Innovation Research program
The Small Business Innovation Research program is a U.S. government initiative that provides competitive funding to small businesses for research and development with strong commercialization potential.
-
C.
Home Owners' Loan Corporation
The Home Owners' Loan Corporation was a New Deal-era U.S. government agency created during the Great Depression to refinance home mortgages, prevent foreclosures, and stabilize the housing market.
-
D.
Empire State Realty Trust
Empire State Realty Trust is a publicly traded real estate investment trust best known for owning and managing the Empire State Building and other office and retail properties, primarily in the New York City area.
-
E.
Carnegie
Carnegie is a Scottish surname most famously associated with industrialist and philanthropist Andrew Carnegie.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: New Markets Tax Credit Program Target entity description: The New Markets Tax Credit Program is a U.S. federal initiative that incentivizes private investment in low-income communities by offering tax credits to investors in qualified community development projects.
-
A.
Point Four Program
The Point Four Program was a U.S. foreign aid initiative launched in 1949 to provide technical assistance and economic development support to poorer countries as part of Cold War-era efforts to promote stability and counter communism.
-
B.
Small Business Innovation Research program
The Small Business Innovation Research program is a U.S. government initiative that provides competitive funding to small businesses for research and development with strong commercialization potential.
-
C.
Home Owners' Loan Corporation
The Home Owners' Loan Corporation was a New Deal-era U.S. government agency created during the Great Depression to refinance home mortgages, prevent foreclosures, and stabilize the housing market.
-
D.
Empire State Realty Trust
Empire State Realty Trust is a publicly traded real estate investment trust best known for owning and managing the Empire State Building and other office and retail properties, primarily in the New York City area.
-
E.
Carnegie
Carnegie is a Scottish surname most famously associated with industrialist and philanthropist Andrew Carnegie.
- F. None of above. chosen
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
community development finance program
ⓘ
federal tax incentive program ⓘ |
| administeredBy |
Community Development Financial Institutions Fund
ⓘ
United States Department of the Treasury ⓘ
surface form:
U.S. Department of the Treasury
|
| alsoKnownAs | NMTC Program ⓘ |
| authorizedBy |
New Markets Tax Credit Program
self-linksurface differs
ⓘ
surface form:
Community Renewal Tax Relief Act of 2000
|
| beneficiaries |
businesses in low-income communities
ⓘ
community development entities ⓘ real estate projects in low-income communities ⓘ |
| benefitsType | federal income tax credit ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| creditPercentage | 39 percent of the qualified equity investment ⓘ |
| creditPeriod | 7 years ⓘ |
| creditSchedule |
5 percent annually for the first 3 years
ⓘ
6 percent annually for the final 4 years ⓘ |
| eligibleIntermediaries | certified community development entities ⓘ |
| eligibleUses |
business financing in low-income communities
ⓘ
community facilities financing ⓘ real estate development in low-income communities ⓘ |
| enactedInYear | 2000 ⓘ |
| focus |
job creation in low-income areas
ⓘ
leveraging private capital ⓘ revitalization of distressed neighborhoods ⓘ |
| fundingSource | federal tax expenditure ⓘ |
| intendedOutcome |
increase access to capital in underserved markets
ⓘ
stimulate economic growth in low-income communities ⓘ |
| investmentHoldingRequirement | 7-year compliance period ⓘ |
| investmentInstrument | qualified equity investment ⓘ |
| levelOfGovernment | federal ⓘ |
| mechanism |
allocates tax credit authority to community development entities
ⓘ
investors receive tax credits in exchange for equity investments ⓘ |
| overseenBy | CDFI Fund NMTC Program Office ⓘ |
| policyArea |
community development
ⓘ
economic development ⓘ tax policy ⓘ |
| primaryGoal |
incentivize private investment in low-income communities
ⓘ
support community development projects ⓘ |
| requires |
allocation application by community development entities
ⓘ
certification of community development entities by CDFI Fund ⓘ investment in qualified active low-income community businesses ⓘ |
| riskIfNoncompliance | recapture of tax credits ⓘ |
| statutoryCitation |
Internal Revenue Code
ⓘ
surface form:
Internal Revenue Code Section 45D
|
| supports |
commercial real estate projects in low-income communities
ⓘ
community service facilities ⓘ mixed-use developments in low-income communities ⓘ operating businesses in low-income communities ⓘ |
| targets |
distressed census tracts
ⓘ
low-income communities ⓘ |
| taxpayerBenefitForm | nonrefundable tax credit ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: New Markets Tax Credit Program Description of subject: The New Markets Tax Credit Program is a U.S. federal initiative that incentivizes private investment in low-income communities by offering tax credits to investors in qualified community development projects.
Referenced by (13)
Full triples — surface form annotated when it differs from this entity's canonical label.
New Markets Tax Credit Program
→
authorizedBy
→
New Markets Tax Credit Program
self-linksurface differs
ⓘ
this entity surface form:
Community Renewal Tax Relief Act of 2000
subject surface form:
Community Development Entity
this entity surface form:
New Markets Tax Credit
this entity surface form:
New Markets Tax Credit
subject surface form:
Community Development Entity