New Markets Tax Credits

New Markets Tax Credit Program Alerts

Ongoing developments in New Markets Tax Credit Program rules, requirements and legislation happen every day. Reznick Group Alerts provide time-sensitive information on these and other issues impacting our clients' businesses.
Industry Alert: CDFI FUND AWARDS $3.6 BILLION IN NMTCs

On February 23, 2012, U.S. Treasury Deputy Secretary Neil Wolin joined CDFI Fund Director Donna Gambrell in announcing the recipients of the 2011 $3.6 billion NMTC (New Markets Tax Credit) awards in New Orleans. U.S. Senator Mary Landrieu and U.S. Congressman Cedric Richmond also advocated and championed the NMTC program during the long-anticipated awards ceremony.
Industry Alert: 2012 New Markets Tax Credit Awards Announcement

On February 23, 2012, Deputy Treasury Secretary Neal Wolin will be in New Orleans to announce a new round of New Markets Tax Credit awards.
IRS Publishes Final Regulations: NMTC Targeted Population Provisions

On December 5, 2011, the IRS published final regulations regarding the targeted population provision under §45D(e)(2) of the Internal revenue Code (IRC).
Reznick Group Launches NMTC Interactive Map

Reznick Group's NMTC Interactive Map determines the NMTC Program eligibility of a planned project.
Client Alert: Ninety-nine Organizations Share $3.5 Billion in 2010 New Markets Tax Credit Awards

On February 24, 2011, 99 organizations across the country were selected to receive NMTC allocation awards under the 2010 program round.