Novogradac 2020 NMTC 101: The Basics Online Workshop

Friday, June 5, 2020 - 12:00pm to 4:00pm
June 5, 2020 - 12:00pm to 4:00pm
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The online workshop airs from 12 to 4 p.m. ET (9 a.m. to 1 p.m. PT).

This course addresses the fundamentals of the New Markets Tax Credit (NMTC) program, including the background, roles of significant players, the alphabet soup of CDEs, QEIs, QLICIs and QALICBs, how to avoid recapture and more, from experts with years of experience consulting on NMTC deals.

Instructors

Rebecca Darling, CPA
Partner
Novogradac 
 
Jodie Fish,CPA
Manager
Novogradac 
 

Topics Covered

  • Overview of perceived risk and community investment
  • Intro to Internal Revenue Code (IRC) Section 45D
  • The basic overview of an NMTC structure
    • CDFI Fund, community development entities (CDEs), investors, qualified equity investments (QEIs), qualified active low-income community businesses (QALICBs), qualified low-income community investments (QLICIs), substantially all (sub-all) and low-income communities (LICs).
  • The tax credit pool, application process and award process
  • Claiming the tax credits
  • Intro to the NMTC leveraged structure
  • CDEs
    • Service area(s)
    • Governing and advisory boards
  • QALICBs
    • Qualified
    • Active
    • Low-Income Community
    • Business
  • QLICIs and the sub-all test
  • Avoiding tax credit recapture

Target Audience

This webinar is for those who are new to the NMTC arena or for those who've worked in the industry for a few years and want a refresher on how all of the pieces of the "big picture" work together.

Registration Rates

Standard: $295
Nonprofit: $245