Sec. 4. Priority under New Markets Tax Credit for qualified low-income community investments on Indian reservations
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Subsection
(f)of section 45D of the Internal Revenue Code of 1986 is amended— in paragraph (2)— in subparagraph (A), by striking or at the end; in subparagraph (B), by striking the period and inserting , or ; and by adding at the end the following new subparagraph: which intends to make qualified low-income community investments within a reservation, including any such entity established by a tribe or an economic enterprise which intends to make such investments within a reservation. ; and by adding at the end the following new paragraph: For purposes of subparagraph
(C)of paragraph (2), the terms reservation , tribe , and economic enterprise shall have the same meanings given such terms under section 3 of the Indian Financing Act of 1974 ( 25 U.S.C. 1452 ). . The amendments made by this section shall apply to calendar years beginning after December 31, 2017.
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Sec. 4
Priority under New Markets Tax Credit for qualified low-income community investments on Indian reservations
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