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MTC CENSUS DATA TRANSITION FAQs 1. What does the census data transition mean for the New Markets Tax Credit (MTC) Program? .............................................................................................................................................
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The NMTC (New Markets Tax Credit) census data transition refers to the process of transferring data related to NMTC investments from the prior reporting system to the new reporting system.
Organizations that have made NMTC investments and need to report their data are required to file the NMTC census data transition.
To fill out the NMTC census data transition, organizations need to follow the guidelines provided by the reporting system. This may involve uploading or inputting data related to their NMTC investments.
The purpose of the NMTC census data transition is to ensure accurate and up-to-date reporting of NMTC investments, allowing for better analysis and monitoring of the NMTC program.
The specific information that must be reported on the NMTC census data transition may vary, but it generally includes details about the NMTC investments made by the organization, such as the investment amount, eligible census tracts, and project details.
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