The U.S. Treasury Department and the Internal Revenue Service today announced proposed changes to the new markets tax credit (NMTC) program to encourage more investment in non-real estate businesses located in low-income communities.
Treasury and IRS are also seeking public comments on other potential changes that would promote greater investment in non-real estate operating businesses.
The new markets tax credit, created as part of the Community Renewal Tax Relief Act of 2000, provides incentives to invest in businesses in designated low-income communities. (Read more)
Latest posts by Bryan Willis (see all)
- An Example of Why You Should Have An Attorney Draft Your Will - June 12, 2018
- How to Keep Your Family Together During the Probate Process - May 21, 2018
- Understanding the Standard Possession Order for Child Custody in Texas - May 10, 2018