Loopholes corked in New Markets Tax Credit programs

November 9, 2015

“There were no new regulations issued regarding this, which means it’s a clarification of existing regulations,” said Julia Sass Rubin, a professor at Rutgers University’s Edward J. Bloustein School of Planning and Public Policy. “It’s not new. That’s the nuance I’m trying to hit. It might be that the (federal oversight) wasn’t clear on this in the past, but these are not new rules. This is existing law and existing regulations. There’s no other way to interpret it.”

Portland Press Herald, November 8

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