Novogradac & Company LLP Suggests Amending NMTC Redemption Regulations

Thursday, May 11, 2006 - 1:45pm

Novogradac & Company LLP and a group of New Markets Tax Credit (NMTC) program industry participants sent a joint request last month that the Internal Revenue Service (IRS) consider amendments to the Treasury Regulations on redemption. The letter says that the group's suggested replacement language would lessen the administrative burden on community development entities (CDEs) and lessen the undue risk of recapture faced by investors in CDEs.