NMTC definition

NMTC means a new market tax credit as defined in Section 45D of the Code.

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NMTC means the New Markets Tax Credit Program administered by the Community Development Financial Institutions Fund under the U.S. Treasury Department.

NMTC means a new market tax credit as defined in Section 45D of the Internal Revenue Code of 1986.

Examples of NMTC in a sentence

In addition, the Allocatee validly exists and is in good standing (if applicable) under the laws of the State of its formation, and has all requisite organizational power and authority to own and operate its assets and properties, to carry on its business as it is now being conducted and to carry out the authorized use(s) of the NMTC Allocation provided hereunder.
The Allocatee shall use its NMTC Allocation provided hereunder only as permitted hereby.
The amount of the NMTC Allocation represents the amount of Qualified Equity Investments which may be issued by the Allocatee, and as to which NMTCs may be claimed.
The Allocatee has neither actual nor constructive knowledge of any suit, action, proceeding or investigation pending or threatened that questions the validity of this Allocation Agreement or any action taken or to be taken pursuant hereto or contemplated hereby including, but not limited to, the carrying out of the authorized use(s) of the NMTC Allocation to be provided hereunder.
This prohibition, however, generally does not apply to entities that are commonly Controlled solely because of common ownership by Qualified Equity Investment investors, including investors that have received an NMTC Allocation.

More Definitions of NMTC

NMTC means the new markets tax credit provided for in Section 45D of the Code.

NMTC means the New Market Tax Credit program identified in the NMTC Statement.

NMTC means credits against taxpayer federal tax liability available pursuant to IRC Section 45D.

NMTC has the meaning set forth in Section 2.1(a)(iii).

NMTC has the meaning set forth in Section 6.20(a).

NMTC means a new market tax credit as defined in Section 45D of the Code. “NMTC Documents” shall mean any credit, loan or finance agreement and any other document, agreement or instrument governing or otherwise relating to any NMTC Indebtedness.

NMTC means New Markets Tax Credit.