Regulacje i polityka gospodarcza · 26/12/2001

New Markets Tax Credit Regulations Released by IRS

The Internal Revenue Service (IRS) has released temporary regulations for the new markets tax credit, outlining the process for taxpayers to claim the 5- and 6-percent tax credits for investments in qualified community development entities. The regulations apply to investments made within the first 7 years from the date of the allocation, with the 5-percent credit available for the first 3 years and the 6-percent credit for the remaining 4 years.