The New Markets Tax Credit program is designed to create investment into low-income, urban and rural areas to help finance community development projects, stimulate economic growth and create jobs.
The program allows individual and corporate taxpayers to receive a credit against federal income taxes for making qualified equity investments in Community Development Entities (CDEs). Credits provide a taxpayer who invests in a qualified CDE a credit against federal income tax over a seven-year period. The credit is equal to five percent (5%) of the investment for the first three years and six percent (6%) of the investment for the final four years.
Click here to view map of New Market Tax Credit eligible census tracts.
Churchill Technology & Business Park | 700 Churchill Parkway | Avondale, Louisiana 70094 | Email Us | 504-875-3908
