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Established as part of the federal Community Renewal Tax Relief Act of 2000, the New Markets Tax Credits (NMTC) program incentivizes revitalization in low-income and distressed communities across the United States by providing investors with a federal tax credit. Since it is nonprofits that mainly serve these communities, they can utilize this program to their advantage.
Listen to a panel of nonprofit advisors with extensive experience in this area as they discuss the various ways in which nonprofits can use the NMTC program, its financial benefits, eligibility and compliance requirements, and the program’s current state. The panelists offer nonprofits practical guidance on how they can employ the NMTC program to full advantage.
Walter R. Calvert, Partner, Venable LLP
Tammara F. Langlieb, Staff Attorney, Venable LLP
Michael D. Schiffer, Partner, Venable LLP
Michael Carpenter, SunTrust Bank
Chris Sears, SunTrust Bank
Kahlil Gross, City First Bank
Richard Davies, CohnReznick LLP