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
|