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Rev. Proc. 2001 56 TABLE OF CONTENTS SECTION 1. PURPOSE AND SCOPE Q 1. What is the purpose of this revenue procedure? Q 2. Who may use the simplified methods in this revenue procedure? Q 3. What vehicles.

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Qualified Low Income Community Investment (QLICI) A QLICI is any investment (such as a loan or equity investment) made by a CDE in a Qualified Active Low Income Community Business.

› Qualified Active Low-Income Community Business (QALICB) Representation. Qualified Active Low-Income Community Businesses (QALICB) are businesses selected to receive funds from one or more Community Development Entities (CDE) through the federal New Markets Tax Credit (NMTC) program.

Section 45D(b)(1) provides that an equity investment in a CDE is a "qualified equity investment" if, among other requirements: (A) the investment is acquired by the taxpayer at its original issue (directly or through an underwriter) solely in exchange for cash; (B) substantially all of the cash is used by the CDE to ...

• Community Development Entity (CDE) • Qualified Equity Investment (QEI) • Qualified Low-Income Community Investment (QLICI) • Qualified Active Low-Income Community Business (QALICB)

• Qualified Low Income Community Investment (QLICI) are investments made into. qualified businesses which may include loans, lines of credits, debt, equity. investments purchase of loans made by other CDEs or financial counseling and other.

A “low-income community” is a population census tract with either a poverty rate of at least 20 percent or median family income that does not exceed 80 percent of the greater of metropolitan area median family income or statewide median family income (for a non-metropolitan census tract, does not exceed 80 percent of ...

Section 45(d)(4) defines a qualified facility using geothermal or solar energy to produce electricity as any facility owned by the taxpayer which is originally placed in service after the date of enactment of section 45(d)(4) (October 22, 2004) and which, (A) in the case of a facility using solar energy, is placed in ...

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232