Business Tax Recovery Logo


Tax Credit Consulting: Minority Business Conway AR

Federal and State Governments have a long history of using tax credits to advance social programs that are deemed to be in the public interest. Today, two areas that are getting much attention are the Green or environmental movement and minority business ownership.

Jackson Hewitt
(501) 336-8686
625 Salem Road
Conway, AR

Data Provided by:
Jackson Hewitt
(501) 764-0101
1008 East Oak Street
Conway, AR

Data Provided by:
H&R Block
(501) 679-7080
57 S BROADVIEW STE 102
GREENBRIER, AR

Data Provided by:
Tax Ladies
(501) 834-6280
3415 E Kiehl Ave Ste 3
Sherwood, AR

Data Provided by:
H&R Block
(501) 835-4247
4101 E KIEHL AVE
SHERWOOD, AR

Data Provided by:
Liberty Tax Service
(866) 871-1040
1780 Old Morrilton Hwy
Conway, AR

Data Provided by:
H&R Block Inside Oak Street Shoppes
(501) 327-0565
855 E OAK ST STE B
CONWAY, AR

Data Provided by:
Jackson Hewitt
(501) 796-3940
1122 Main Street Ste 11
Vilonia, AR

Data Provided by:
Jackson Hewitt
(501) 834-3636
8611 Hwy 107
Sherwood, AR

Data Provided by:
Liberty Tax Service
(866) 871-1040
3901 E Kiehl Ave # H
Sherwood, AR

Data Provided by:
Data Provided by:

Tax Credit Consulting: Minority Business

Tax Credit for Minority Business

Other one of the controversial tax credits out there is the tax credit for minority business. Tax credits for minority business come in a variety of forms from both the Federal and many State Governments.

Federal and State Governments have a long history of using tax credits to advance social programs that are deemed to be in the public interest. Today, two areas that are getting much attention are the Green or environmental movement and minority business ownership. The idea behind minority business tax credits is that minorities suffer unfair disadvantages in starting and operating business and doing so would help bring a more equal country.  The tax credit for minority business can be from the Federal or State Government and applies to either Federal or State taxes.

From the Federal Government, the New Market Tax Credit program has been expanded to include investments in minority business. This program, known as the NMTC, awards a credit spread over seven years that amounts to roughly 39% of the investment made in a qualified entity. The new minority provision opens up millions of dollars of investments for use in businesses run by minorities including women.

Many States have passed a tax credit for minority business also. The provisions and limitations of these credits vary from State to State. Many of them resemble the New Market Tax credit and give tax credits against State income tax to investments that are used to support minority building projects or encourage minority business ownership. As with the Federal programs, minority business can include a business owned by a female in some cases. The tax payer must examine the terms and conditions of the individual State programs if their State is one that offers a tax credit for minority business.

A tax credit for minority business is one of the more controversial tax credits in the eyes of some critics of the policy of using tax credits to address social issues...

Click here to read the rest of this article from BusinessTaxRecovery.com