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CDFI FUND INVITES COMMENTS ON ALLOCATION TRACKING SYSTEM

Thursday, June 14, 2012 - 7:00AM

The Community Development Financial Institutions (CDFI) Fund today invited comments concerning the New Markets Tax Credit (NMTC) Allocation Tracking System (ATS). The CDFI Fund requires each NMTC allocatee to report on its receipt of Qualified Equity Investments (QEIs) through the ATS, an electronic data collection and submission system. Comments are invited on a number of subjects related to the system, such as ways to enhance the quality, utility and clarity of the information to be collected, and ways to minimize the burden of the collection of information on respondents. The CDFI Fund will accept comments until August 13.

The New Markets Tax Credit Working Group is preparing comments for submission. Questions about the NMTC Working Group can be directed to Brad Elphick, CPA, at (678) 867-2333.

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