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How Health Care Organizations Can Use the New Markets Tax Credit

First few Article Sentences

The New Markets Tax Credit (NMTC) can be a powerful financing tool for health care organizations, filling financing needs and providing more impact in the communities and for the patients they serve.

NMTCs provide businesses and organizations across the United States with flexible financing based on various qualifying factors. There are opportunities for health care organizations in particular to use the proceeds of NMTC financing to help finance an expansion or relocation, provide equipment financing, or provide working capital.

Passed in 2000 as part of the Community Renewal Tax Relief Act, the NMTC provides a 39% federal tax credit to investors who invest in traditionally underserved, low-income communities. These investments then flow to the low-income community through the NMTC financing structure.

Tong, CPA, Kinman

Alderton, JD, Benjamin

Moss Adams

New Markets Tax Credit

April 11, 2023

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