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CALIFORNIA STATE NEW MARKETS TAX CREDIT PROPOSED

Friday, January 6, 2012 - 8:00AM

California Assembly Bill 643 was amended on Wednesday to include the creation of a California New Markets Tax Credit (NMTC) Program. A.B. 643 would authorize the California Tax Credit Allocation Committee (CTAC) to grant up to $50 million in state NMTCs each year from 2013 through 2019 to stimulate economic development and hasten California's economic recovery. Investments including, but not limited to, retail businesses, real property, financial institutions and schools would be eligible for the state NMTC.

Join Novogradac & Company in San Diego for the New Markets Tax Credit Conference on January 26-27 to discuss the prospects for the proposed California NMTC as well as what’s in store for the federal NMTC.

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