New Markets Tax Credit (NMTC) – Federal Tax Program

Much of Paris is located within the designated maps of the NMTC program. A NMTC investor receives a tax credit equal to 39 percent of the total Qualified Equity Investment (QEI) made in a Community Development Entity (CDE) and the Credit is realized over a seven-year period, 5 percent annually for the first three years and 6 percent in years four through seven. If an investor redeems a NMTC investment before the seven-year term has run its course, all Credits taken to date will be recaptured with interest.

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The heavily shaded portion of the map represents the area that qualifies for the use of the NMTC Program.