tag Services

The New Markets Tax Credit Program is a $50.5 billion federal program intended to encourage private capital investment in eligible, impoverished, low-income communities. Created under the Community Renewal Tax Act of 2000, NMTCs are allocated by the Community Development Financial Institutions Fund (CDFI), a bureau within the United States Department of Treasury, under a competitive application process. The NMTC Program provides investors with a 39% federal tax credit claimed over a 7-year period. The tax credit proceeds create equity, which can be permanently placed in eligible low-income community projects.

NMTC services are a key focus for tag. In helping our clients successfully implement NMTC projects, we have participated in over $1 billion in NMTC funding. We work in all areas of the NMTC Program, including:

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