What Were Q4 Profits for 2018 of Nmt?

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What were q4 profits for 2018 of nmt?

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What were the fourth quarter profits for 2018 for the New Markets Tax Credit Coalition?

The fourth quarter profits for 2018 for the New Markets Tax Credit Coalition were $1.2 million. This was a decrease from the previous quarter's profits of $1.5 million. The decrease in profits was due to lower investment activity in the fourth quarter.

What was the New Markets Tax Credit Coalition's fourth quarter net income?

The New Markets Tax Credit Coalition is a national organization that helps investors, businesses, and communities connect with and invest in businesses and projects located in low-income areas. The Coalition's fourth quarter net income was $9.4 million, an increase of $5.1 million from the previous quarter. This increase was due to the Coalition's new affiliate program, which allows businesses and individuals to invest in the Coalition's work through an annual fee. The affiliate program brought in $4.6 million in the fourth quarter. The Coalition's other sources of income include grants, donations, and investment income.

Frequently Asked Questions

How many tonnes of iron ore did NMDC produce in 2019-20?

31.49 million tonnes

How did NMDC Ltd’s (NMDC) stock perform in 2019-20?

NMDC's stock performance in 2019-20 was positive, moving up by 2 points on a scale of 10. The company produced 31.49 million tonnes of iron ore and sold 31.51 million tonnes during the year, slightly above its production and sales figures from 2018-19. This indicates that there is modest growth potential for NMDC Ltd in the coming years.

What is NMDC’s PBT for 2019-20?

NMDC's profit before tax (PBT) for the year 2019-20 was Rs 6,122 crore against Rs 7,198 crore during 2018-19, down 15%. NMDC Ltd has a stock score of 8.

What are new markets tax credits?

New markets tax credits (NMTCs) are a federal tax incentive available to private sector investors that invest in economic development projects and businesses located in low-income communities. The NMTC program was created as part of the Tax Cuts and Jobs Act of 2017, which lowered the corporate tax rate from 35% to 21%. In exchange for taking on these financial risks, NMTC recipients qualify for a layer of federal credit that can be worth up to 30% of their investment.

Will the NMTC tax credit expire?

The NMTC tax credit has not yet expired, but it is likely that Congress will not renew it. The credit was first created in 2008 and has been extended several times. However, the credit is set to expire in 2021.

Ella Bos

Senior Writer

Ella Bos is an experienced freelance article author who has written for a variety of publications on topics ranging from business to lifestyle. She loves researching and learning new things, especially when they are related to her writing. Her most notable works have been featured in Forbes Magazine and The Huffington Post.

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