IRS Finalizes Targeted Population Regulations for New Markets Tax Credit Program

The Internal Revenue Service has finalized regulations relating to how an entity serving certain targeted populations can qualify as a qualified active low-income community business (QALICB) under the New Markets Tax Credit (NMTC) program. The final regulations will apply to all NMTC transactions.

NH&RA will be covering these new regulations and more during the 2012 Winter New Markets Tax Credit Symposium (February 22), which is being held prior to NH&RA’s 2012 Annual Meeting (February 23-25).

To view the notice from the IRS, click here.