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Description
• Eligible businesses may receive a tax credit against federal income tax in exchange for making equity investments in Community Development Entities (CDEs)
• The credit totals 39% of the original investment amount and is claimed over a period of seven years
Contact
• To locate a CDE in California and submit project for consideration, please click on this link:
https://www.cdfifund.gov/programs-training/programs/new-markets-tax-credit
• Link to NMTC Fact Sheet:
https://www.cdfifund.gov/sites/cdfi/files/documents/nmtc-fact-sheet-english-16sept2020- final.pdf
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