288.9912 – New Markets Development Program; purpose.
1288.9912 New Markets Development Program; purpose.—The New Markets Development Program is established to encourage capital investment in rural and urban low-income communities by allowing taxpayers to earn credits against specified taxes by investing in qualified community development entities that make qualified low-income community investments in qualified active low-income community businesses to create and retain jobs. History.—ss. […]
288.9913 – Definitions.
1288.9913 Definitions.—As used in ss. 288.991-288.9922, the term: (1) “Credit allowance date” means: (a) The date on which a qualified investment is made; and (b) Each of the six anniversaries of that date. (2) “Long-term debt security” means a debt instrument issued by a qualified community development entity at par value or a premium which has a maturity date of […]