SECTION 288.9912. New Markets Development Program; purpose.

Latest version.

1The New Markets Development Program is established to encourage capital investment in rural and urban low-income communities by allowing taxpayers to earn credits against specified taxes by investing in qualified community development entities that make qualified low-income community investments in qualified active low-income community businesses to create and retain jobs.

History.-ss. 5, 15, ch. 2009-50.

Note

Note.-Expires December 31, 2022, pursuant to s. 15, ch. 2009-50.

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