In a continued effort to serve the low-income communities throughout California, the Clearinghouse NMTC, LLC is now offering equity investments and providing loan services to businesses that may qualify for benefit under the New Markets Tax Credit Program. 

NMTC OFFERS LOANS FOR:

 Construction
 Permanent
 Pre-Development
 Community Development

AND

Business  Loans For:
      Working Capital  
       Business Expansion
       Start-Up Ventures

New Market Tax Credit Overview

        Part Of The Community Tax Relief Act of 2000

        Creates A Federal Tax Credit For Equity Investments In CDE

        Credit Over A Seven Year Period

        Credit Rate:  39% of Amount of Original Investment 
           
                           5%  rate in the first 3 years
                           6%  rate in the next 4 years

On December 21, 2000, the community Renewal Tax Relief Act of 2000 was signed spurring the investment of $15 billion in new private capital through loans and equity investments in New Markets businesses. The New Markets Tax Credit (NMTC) Program permits taxpayers to receive a credit against Federal Income Taxes for making qualified equity investment in designated Community Development Entities (CDEs). Significantly all the qualified equity investment must be used by the CDE to provide investments in low-income communities. The credit provided to the investor totals 39% of the cost of the investment and is claimed over a seven-year credit allowance period. Investors may not redeem their investments in CDEs prior to the conclusion of the seven-year period.

Have more questions about New Market Tax Credits? 
We've got the answers!   

                       NMTC Frequently Asked Questions                       

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