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On December 30, 2022, Novogradac updated its Privacy Policy. You should review this updated Privacy Policy before continuing to use our site. By continuing to use our site after December 30, 2022, you agree to the changes in the Privacy Policy.
NMTC Program Outperforms Comparable Cash Grant Program, a report by The New Markets Tax Credit Working Group, counters a Government Accountability Office (GAO) report that a cash grant program to replace the New Markets Tax Credit (NMTC) program may be more efficient in delivering subsidy to qualified businesses in low-income communities. The GAO had suggested that Congress consider converting the NMTC program to a cash grant program, but the Working Group’s analysis reveals that the NMTC is more efficient than a comparable cash grant program and as the price paid per credit rises so does the efficiency of the NMTC.
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