IRS Proposes Rule to Encourage Greater Investment in Non-Real Estate Businesses

By Caitlin Jones
July 20, 2011 1 min read

Tax Credit Advisor, July 2011: The Internal Revenue Service is seeking ways to encourage greater investment in non-real estate businesses under the federal new markets tax credit program. To this end, it published a notice of proposed rule-making (NPRM) and advanced notice of proposed rule-making (ANPRM) in the Federal Register on June 7.

Public comments on both will be accepted through September 8. The IRS has also scheduled a public hearing on the proposed rule for September 29. Read More…

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