New Markets Tax Credits News Briefs – June 2015

Journal of Tax Credits Volume 6 Issue 6 Monday, June 1, 2015   The U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund released a notice of guarantee availability (NOGA), inviting qualified issuer applications and guarantee applications for the CDFI Bond Guarantee program. The NOGA serves to notify the public that parties interested in being approved as qualified issuers may submit qualified issuer applications and that qualified issuers may submit...

New Markets Tax Credits News Briefs – April 2015

Journal of Tax Credits Volume 6 Issue 4 Wednesday, April 1, 2015   On March 5, the Community Development Financial Institutions (CDFI) Fund released a notice of public comment for its annual assessment evaluation for the CDFI Fund Bond Guarantee program. The reporting form allows CDFIs to demonstrate the ability to deploy long-term debt successfully with reporting requirements similar to those required of regulated financial institutions; to provide a mechanism for accurately assessing Ce...

New Markets Tax Credits News Briefs – March 2014

Journal of Tax Credits Volume 5 Issue 3 Saturday, March 1, 2014   Legislation to create a state new markets tax credit (NMTC) in Indiana was introduced in early January. Senate Bill (S.B.) 165 is the Indiana New Markets Job Act. S.B. 165 provides $10 million in NMTCs annually through the Indiana Economic Development Corporation (IEDC). The bill, introduced on Jan. 8, also requires a qualified community development entity to pay the state a conditionally refundable performance fee of $500,...