New Markets Tax Credit Program definition

New Markets Tax Credit Program means a federal program created under the Community Renewal Tax Act of 2000 to stimulate economic and community development in America’s low- income communities, as set forth in Section 45(d) of the Internal Revenue Code, as amended.
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New Markets Tax Credit Program means the program of the IRS and the CDFI Fund, related to the tax credits allowed pursuant to Section 45D of the Code.
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New Markets Tax Credit Program means the New Markets Tax Credit Program authorized under the Community Renewal and Tax Relief Act of 2000, and jointly administered by the Community Development Financial Institutions Fund and the Internal Revenue Service or any successor or substantially similar Federal tax program having substantially similar structures and financial effect.
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Examples of New Markets Tax Credit Program in a sentence

  • The certificate at a minimum must be in the amount of $2,000,000 policy aggregate with a $1,000,000 limit per occurrence.

  • Focus on the individuals who are most important to managing the organization’s New Markets Tax Credit Program (e.g. capital deployment, raising capital from investors, asset management, and compliance) and application preparation.

  • In Table C2 as well as Allocation Application Questions 29, 30 and 31, the Applicant should include the Controlling Entity’s personnel if they will play a role in managing the Applicant’s New Markets Tax Credit Program, including capital deployment, raising capital from investors, asset management, and compliance.

  • Focus on the individuals who are most important to managing the organization’s New Markets Tax Credit Program (e.g. capital deployment, asset management, compliance) and application preparation.

  • In addition, the CDFI Fund has allocated more than $54 billion in tax credit allocation authority through the New Markets Tax Credit Program (NMTC Program) and has issued $1.4 billion in guarantees through the CDFI Bond Guarantee Program.

  • In addition, the CDFI Fund has allocated more than $43 billion in tax credit allocation authority through the New Markets Tax Credit Program (NMTC Program) and has obligated $852 million in bond guarantees to Eligible CDFIs through the CDFI Bond Guarantee Program.

  • This definition is consistent with the definition of Investment Area as used in the CDFI Program (at 12 CFR 1805.104(dd)) and the definition of non-metropolitan as used in the New Markets Tax Credit Program.

  • The New Markets Tax Credit Program permits taxpayers to receive a credit against Federal income taxes for making qualified equity investments in designated Community Development Entities (CDEs).

  • To ensure compliance with the New Markets Tax Credit Program, Borrower agrees to make the representations, warranties, and covenants set forth in this Section 4.12 and in Section 5.18.

  • To the extent reasonable and consistent in carrying out the purposes of this section, GO-Biz shall consider how the timing of the state allocation rounds correspond with the allocation schedule of the federal New Markets Tax Credit Program.


More Definitions of New Markets Tax Credit Program

New Markets Tax Credit Program means the program of the IRS and the CDFI Fund related to the tax credits allowed pursuant to Section 45D of the Code. “NMTC Allocation” means collectively the USB NMTC Allocation, CNB NMTC Allocation, LBC NMTC Allocation and the Waveland NMTC Allocation.
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Related to New Markets Tax Credit Program

  • multilateral trading facility (MTF means a multilateral system in the Union within the meaning of Article 2(1)(6) of Regulation[MiFIR].

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Alternative program means a non-disciplinary monitoring or practice remediation process approved by a physical therapy licensing board. This includes, but is not limited to, substance abuse issues.