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IRS Invites Comments on NMTC Regulations

Monday, July 14, 2014 - 7:00AM

The Internal Revenue Service (IRS) in tomorrow’s Federal Register will publish a notice inviting comments concerning existing final regulation T.D. 9171, New Markets Tax Credits. This regulation finalized the rules relating to the new markets tax credit (NMTC) under Internal Revenue Code 45D and replaced the temporary regulations that expired Dec. 23, 2004. There are no changes proposed to the existing regulation at this time. Written comments are due on or before Sept. 12, 2014.

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