# New Markets Tax Credit
> **IRS** · Final regulations. · Published 2004-12-28 · Effective 2004-12-22 · 69 FR 77625
## Document
- **Document number:** 04-28325
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 69 FR 77625
- **CFR reference:** 26 CFR 1
- **Publication date:** 2004-12-28
- **Effective date:** 2004-12-22
- **Treasury docket:** TD 9171
## Abstract

These regulations finalize the rules relating to the new markets tax credit under section 45D and replace the temporary regulations which expire on December 23, 2004. 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.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2004/12/28/04-28325/new-markets-tax-credit)
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