New Markets Tax Credits definition

New Markets Tax Credits means federal income tax credits available under Section 45D of the Code, as subsequently modified, amended or replaced to provide substantially the same economic benefits.
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New Markets Tax Credits means a “new markets tax credit” as such term is defined in Code § 45D and the Treasury Regulations thereunder.
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New Markets Tax Credits means the new markets tax credits available as described in Section 45D of the Code in connection with an investment in the Redeveloper.
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Examples of New Markets Tax Credits in a sentence

  • Such funding commitments or major investments cannot be derived solely from the development of Tax Credit properties and may include proposals participating in: Main Street, Elm Street, Neighborhood Partnership or other programs of the Commonwealth, the Agency's Homeownership Choice Programs; New Markets Tax Credits, the Healthy Village Initiative of the Local Initiatives Support Corporation; the Blueprint Communities Initiative of the Federal Home Loan Bank or similar community support programs.

  • The escrowing of equity provided by historic rehabilitation tax credits, New Markets Tax Credits, or any other form of security, such as a letter of credit.[75 FR 51915, Aug.

  • Syndicator and direct investor entities in Low-Income Housing Tax Credits, Historic Tax Credits, New Markets Tax Credits or other tax credits (if HUD determines such credits are substantially similar to the listed tax credits) are excluded unless such entities exercise day-to-day control or seek other involvement that would trigger the need for previous participation review.

  • Financial assistance provided by an Applicant for which the Applicant receives benefits as an investor in a Community Development Entity that has received an allocation of New Markets Tax Credits, authorized pursuant to Section 45D of the Internal Revenue Code, as amended (26 U.S.C. 45D), shall not constitute an Equity Investment, Project Investment, or other Qualified Activity, for the purposes of calculating or receiving a Bank Enterprise Award.

  • New Markets Tax Credits: Financial assistance provided by an Applicant for which the Applicant receives benefits as an investor in a Community Development Entity that has received an allocation of New Markets Tax Credits, authorized pursuant to Section 45D of the Internal Revenue Code, as amended (26 U.S.C. 45D), shall not constitute an Equity Investment, Project Investment, or other Qualified Activity, for the purposes of calculating or receiving a BEA Program Award.

  • Specific Public Financing Source Requirements: a) New Markets Tax Credits: Provide 1) a letter of commitment from a Community Development Entity (CDE) committing tax credits to the project and 2) a letter from the CDE verifying that the organization has remaining new markets allocation currently available for the project.

  • Investments shall meet the percentage of planned investments of their allocated federal New Markets Tax Credits in Ohio.

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  • The Contractor shall submit ISRs and SSRs using the web-based eSRSat http://www.esrs.gov.

  • For these examples: (1) Indicate the sources and uses of both debt and equity financing for each component of the project; (2) Describe experience with public financing sources (if applicable to the proposed project) such as the Economic Development Administration, New Markets Tax Credits, US Department of Housing and Urban Development Financing, etc; and (3) Provide any other relevant information that demonstrates capacity to structure and finance the proposed project.


More Definitions of New Markets Tax Credits

New Markets Tax Credits means those certain tax credits obtained by the Property pursuant to the U.S. Department of the Treasury New Markets Tax Credits Program.
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New Markets Tax Credits or “NMTC” means credits against tax payer tax liability available pursuant to Code Section 45D.
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New Markets Tax Credits or “NMTC” means credits against taxpayer federal tax liability available pursuant to IRC Section 45D.
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New Markets Tax Credits shall have the meaning set forth in the recitals to this Guaranty.
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Related to New Markets Tax Credits

  • Tax Credits means the low-income housing tax credits found in Section 42 of the Code, and all rules, regulations, rulings, notices and other promulgations thereunder.

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • Tax Credit means a credit against, relief or remission for, or repayment of any Tax.

  • Federal poverty level means the poverty level as defined by the most recently revised poverty income guidelines published by the United States Department of Health and Human Services in the Federal Register.

  • Centralized Message Distribution System (CMDS) means the industry-wide data collection system, which handles the daily exchange of message details between CMDS participating telephone companies (also known as CMDS Direct Participants). AT&T-21STATE is a CMDS Direct Participant.