September 5, 2019
The Community Development Financial Institutions (CDFI) Fund today announced the opening of the calendar year 2019 allocation round of the federal new markets tax credit (NMTC). Applications are due October 28, 2019. The CDFI Fund anticipates announcing 2019 NMTC awards in summer 2020. The CDFI Fund provides resources including an introduction to the NMTC program, the NMTC program application, the Notice of Allocation Availability (NOAA), an Awards Management Information System navigation guide, an application FAQ and an application roadmap presentation here.
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January 18, 2019
The Opportunity Zones (“OZ”) tax incentive allows taxpayers to defer until 2026 taxes on capital gains if those profits are reinvested in opportunity funds–which are equity funds that invest in businesses in opportunity zones. Read more about Opportunity Zones here. If you have questions about Opportunity Zones, contact Charles Landry.
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January 18, 2019
Real Estate Developers in Louisiana can receive tax dollars to enhance projects through Economic Development Districts (EDDs). EDDS are strictly defined geographic areas that are authorized and created by ordinance of the city or parish where they are located. The vast majority of EDDs generate tax revenues for real estate developments from sales and use taxes and hotel occupancy taxes, though property taxes may also be used. Read more about EDDs here. If you have questions about Opportunity Zones, contact John Werner or Charles Landry.
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