# New Markets Tax Credit
> **IRS** · Temporary regulations. · Published 2001-12-26 · Effective 2001-12-26 · 66 FR 66307
## Document
- **Document number:** 01-31528
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 66 FR 66307
- **CFR reference:** 26 CFR 1
- **Publication date:** 2001-12-26
- **Effective date:** 2001-12-26
- **Treasury docket:** TD 8971
## Abstract

This document contains temporary regulations that provide guidance for taxpayers claiming the new markets tax credit under section 45D. A taxpayer making a qualified equity investment in a qualified community development entity that has received a new markets tax credit allocation may claim a 5-percent tax credit with respect to the qualified equity investment on each of the first 3 credit allowance dates and a 6-percent tax credit with respect to the qualified equity investment on each of the remaining 4 credit allowance dates. The text of these temporary regulations also serves as the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject in REG-119436-01 published elsewhere in this issue of the Federal Register.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2001/12/26/01-31528/new-markets-tax-credit)
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