NMCR

(redirected from New Markets Credit)
AcronymDefinition
NMCRNew Markets Credit (IRS deduction)
NMCRNavy-Marine Corps Relief Society
NMCRNetwork for Medical Communication and Research
NMCRNew Mexico Central Reservations (Albuquerque Convention and Visitors Bureau)
References in periodicals archive ?
The EDC said that the site sits in an area eligible for New Markets Credit investment and that additional help may be available through federal Historic Rehabilitation Tax Credits.
The EDC added that the site sits in an area eligible for New Markets Credit investment and that additional help may be available through federal Historic Rehabilitation Tax Credits.
The new law establishes a new markets credit (part of the general business credit) for investment in the stock of community development entities (CDEs).
Unlike the community renewal and empowerment-zone tax breaks, the new markets credit may be taken directly by a passive investor as well as an active business.
When corporations and financial institutions can use the new markets credit program to invest in community development activities, the result is the revitalization of hundreds of underserved communities across the country and the creation of thousands of jobs," said Mr.
The Third Circuit's decision is likely to affect the syndication of several federal tax credits, including low-income housing credits, new markets credits, and renewable energy credits.
Neither the low-income housing credit nor the new markets credits are available to the subject hotel property, which is not a low-income housing project or in a low-income commercial area.
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