Meeting Notice: the PEDC Board is holding their Monthly Meeting at 5:30PM on August 17, 2021 at the City Council Chambers, located at 107 E Kaufman Street, Paris, TX 75460. 
View the agendas for this meeting and previous meetings here: Agendas

 

Meeting Notice: the PEDC Board is holding their Monthly Meeting at 5:30PM on August 17, 2021 at the City Council Chambers, located at 107 E Kaufman Street, Paris, TX 75460. 
View the agendas for this meeting and previous meetings here: Agendas

 

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.

Click here for more information: CDFI Fund

NMTC Map

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