The New Markets Tax Credit Program, enacted by Congress as part of the Community Renewal Tax Relief Act of 2000, is incorporated as section 45D of the Internal Revenue Code. This Code section permits individual and corporate taxpayers to receive a credit against federal income taxes for making Qualified Equity Investments in qualified community development entities. Form 8874 is used to claim the new markets credit for qualified equity investments made in qualified community development entities (CDEs). This credit is part of the general business credit.
The latest form for New Markets Credit expires 2022-10-31 and can be found here.
Document Name |
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Form and Instruction |
Supporting Statement A |
Approved without change |
Extension without change of a currently approved collection | 2022-10-31 | |
Approved without change |
Extension without change of a currently approved collection | 2019-08-29 | |
Approved without change |
Revision of a currently approved collection | 2016-01-29 | |
Approved without change |
Extension without change of a currently approved collection | 2012-11-30 | |
Approved without change |
Revision of a currently approved collection | 2009-09-02 | |
Approved without change |
Extension without change of a currently approved collection | 2006-03-02 | |
Approved without change |
Revision of a currently approved collection | 2005-11-04 | |
Approved without change |
No material or nonsubstantive change to a currently approved collection | 2004-06-29 | |
Approved without change |
New collection (Request for a new OMB Control Number) | 2002-10-10 |