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ExpectMore.govExpectMore.gov home pageEXPECT FEDERAL PROGRAMS TO PERFORM WELL, AND BETTER EVERY YEAR.
 
Program Assessment

Program

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New Markets Tax Credit

The New Markets Tax Credit program permits taxpayers to receive a credit against Federal income taxes for making qualified equity investments in designated Community Development Entities. Substantially all of the qualified equity investment must in turn be used to provide investments in low-income communities.

Rating

What This Rating Means

PERFORMING
Adequate

This rating describes a program that needs to set more ambitious goals, achieve better results, improve accountability or strengthen its management practices.
  • The program has established meaningful long-term and annual performance measures.
  • The program needs to measure progress towards achievement of its goals.

Improvement Plan

About Improvement Plans

We are taking the following actions to improve the performance of the program:

  • Establishing and refining baselines and targets for its long-term and annual measures.
  • Conducting an independent assessment of the program, including use of the credits and overall program management.

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