CPE: 7.18.19 NMTC 101: The Basics Webinar


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Novogradac & Company LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

Instructional delivery method: Group internet

Learning Objectives: 

  • Identify the role tax credits serve in incentivizing corporations to invest in low-income communities
  • Calculate when and how many credits are claimed based on the amount of qualified equity investment(s)
  • Differentiate between the roles of the CDFI Fund, CDEs, investors and Qualified Active Low-Income Community Businesses
  • List the elements of the new markets tax credit program definition
  • Identify the advantages of the leverage structure in reducing tax credit pricing as well in lowering interest rate for QALICBs
  • Compare the success rate of allocation amounts awarded vs. requested as well as number of applicants vs. allocatees among all previous allocation rounds
  • List the ways a member of a governing or advisory board can represent the interests of a low-income community
  • Define what it means to be a “low-income community” and differentiate between primary and secondary criteria for being an area of higher distress
  • Identify the tests needed to make a business a Qualified Active Low-Income Community Business (QALICB)
  • Differentiate between the direct tracing and the safe harbor tests for satisfying the “sub all” requirement
  • Identify which actions violate NMTC program rules and lead to recapture of new markets tax credits

Level: Basic

Prerequisites: None

Advance preparation required: None

Field of Study: Tax

Credit Hours: 3

Note: Multiple paid registrants within an organization may choose to watch the webinar on one screen. In situations where small groups view a webinar, for multiple members of the group to claim CPE credit it is not necessary for the individuals in the group to respond to polling questions individually. The person logged into the program may respond to the polling on behalf of the group and the monitoring of active participation of the individuals in the small group will be documented and verified by the small group administrator.

If you are watching the webinar in a group and wish to be eligible to claim CPE credit for multiple members of the group, please print and fill out the Small Group Sign-In Sheet (also provided during the webinar) and submit it to [email protected]

Policy for addressing concerns or issues with Continuing Professional Education delivered by Novogradac & Company 

Please address any questions or concerns regarding CPE at Novogradac & Company workshops, webinars or on-demand courses to the Events Desk at 415-356-7970 or [email protected].

Unresolved issues or concerns regarding registered CPE sponsors may be reported to the National Registry of CPE Sponsors and submitted online at www.nasbaregistry.org/cpas/complaints.

Note also that although recordings of most webinars are available for purchase, unless specifically stated, CPE is NOT available for webinar recordings.