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Tag Archives: New Markets Tax Credit Program

LAW ELEVATED — How companies can subsidize project costs with The New Markets Tax Credit Program

By now most Mississippians have at least heard of the New Markets Tax Credit (“NMTC”) Program. On May 23, 2019, the Community Development Financial Institutions Fund (the “CDFI Fund”) awarded 73 Community Development Entities (“CDEs”) $3.5 billion in NMTC allocation authority in the calendar year 2018 round of the NMTC Program. To date, a total of 114 businesses and revitalization ...

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Ridgeland firm educates lenders on details

Program goal to educate and provide networking opportunities between developers, development entities and lenders The Ridgeland law firm Butler Snow recently hosted a seminar aimed at educating lenders, developers and investors and community representatives on the advantages of the New Markets Tax Credit Program. The New Markets Tax Credit (NMTC) program aids development in low-income communities by providing a tax ...

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