Introduction to the new markets tax credit program prepared on may 1 2018 the cdfi fund is an equal opportunity provider o overview of cdfi fund programs initiatives. Updated for 2018 the fourth edition of the novogradac introduction to new markets tax credits provides a perfect initiation into the workings of the nmtc the booklet provides a concise but substantive look into the goals and structure of the nmtc learn about applying for nmtcs decode the alphabet soup of cdes qeis qlicis and qalicbs and explore low income communities. Introduction to new markets tax credit program h i s t o r y a n d o b j e c t i v e s o f n m t c p r o g r a m 2 o enacted on december 21 2000 as part of the community renewal tax relief act of 2000 to revitalize low income communities o new markets tax credits nmtc are federal dollar for dollar tax credits to assist in the funding . New markets tax credit an introduction congressional research service 3 as figure 1 illustrates cdes play a critical role in a properly functioning nmtc process cdes are the intermediaries between the potential low income community investments and the cdfi. Introduction this chapter provides a brief overview of the new markets tax credit nmtc under irc 45d congressional intent the new markets tax credit nmtc program enacted by congress as part of the community renewal tax relief act of 2000 is incorporated as section 45d of the internal revenue code
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