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New Markets Capital Investment Credit Worksheet is a legal document that was released by the Maine Revenue Services - a government authority operating within Maine.
Q: What is the New MarketsCapital Investment Credit?
A: The New Markets Capital Investment Credit is a tax credit available in Maine.
Q: Who is eligible for the New Markets Capital Investment Credit?
A: Eligible entities include individuals, corporations, partnerships, and limited liability companies.
Q: How much is the tax credit?
A: The tax credit is equal to 39% of the qualified equity investment made in a certified community development entity.
Q: What is a qualified equity investment?
A: A qualified equity investment is an investment of capital in a certified community development entity.
Q: Who are certified community development entities?
A: Certified community development entities are organizations that have been certified by the U.S. Treasury Department to make investments in low-income communities.
Q: How can I claim the New Markets Capital Investment Credit?
A: You can claim the credit by completing the New Markets Capital Investment Credit Worksheet and including it with your Maine income tax return.
Form Details:
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