Are there any incentives for persons wishing to invest in commercial enterprises located in economically distressed communities?
In 2000, Congress added a New Markets Tax Credit against Federal tax liability for taxpayers who hold an equity investment in certain CDEs. The CDE, in turn, makes loans to, or investments in, qualifying businesses in low-income communities. The investor in the CDE obtains the tax benefit based on the amount invested in the CDE.
Related Questions
- The Community Technology Centers Program targets projects that are in communities that are defined as economically distressed. How is that determination made?
- Are there any incentives for persons wishing to invest in commercial enterprises located in economically distressed communities?
- Can funding be used to assist cluster members that are located outside the economically distressed region?
