Document Date
Meeting Description
Document Type
Meeting Date
Page Number
18
NASHUA PERFORMING ARTS CENTER — KEY ELEMENTS OF NMTC’s
NUMBER 2
The amount of the tax credit is 39% of Qualified Equity Investment
(“QEI”). So, for example:
QE! Amount: $1,000,000
Credit Amount @ 39% = $390,000
The credit can be sold to an investor in order to raise cash (equity) for
the project. Current Pricing is estimated at $.85/$1.00. Therefore:
$390,000 in credits sold at $.85 = $331,500 in equity for the project.
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