New Markets Tax Credit Program

GPTKB entity

Statements (18)
Predicate Object
gptkbp:instanceOf federal tax credit program
gptkbp:administeredBy gptkb:U.S._Department_of_the_Treasury
gptkb:Community_Development_Financial_Institutions_Fund
gptkbp:area low-income communities
gptkbp:benefit businesses in low-income areas
community development entities
gptkbp:cashBackRate 39%
gptkbp:creditPeriod 7 years
gptkbp:dateEnacted 2000
gptkbp:enactedBy gptkb:Community_Renewal_Tax_Relief_Act_of_2000
https://www.w3.org/2000/01/rdf-schema#label New Markets Tax Credit Program
gptkbp:provides tax credits to investors
gptkbp:purpose encourage investment in low-income communities
gptkbp:totalAllocation over $60 billion since inception
gptkbp:website https://www.cdfifund.gov/programs-training/Programs/new-markets-tax-credit/Pages/default.aspx
gptkbp:bfsParent gptkb:community_development_financial_institution
gptkb:Community_Development_Financial_Institutions_Fund
gptkbp:bfsLayer 5