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Wage Credits
  • Renewal Community Employment Credit (RC Wage Credit). IRS Tax Form 8844.
  • Work Opportunity Tax Credit (WOTC). IRS Tax Forms 5884 and 8850.
  • Welfare to Work (WtW) Credit. IRS Tax Forms 5884, 8850, and 8861.
  • Indian Employment Tax Credit. IRS Tax Form 8845.
Deductions
  • Increased Section 179 Expensing. IRS Tax Form 4562.
  • Commercial Revitalization Deduction. 2003 Chattanooga CRD Application. No applicable IRS Tax form identified at this time; see IRS Publication 946.
  • Environmental Cleanup Cost Deduction (Brownfields) No applicable IRS Tax Forms.
Bond Financing
  • Qualified Zone Academy Bonds (QZABs). IRS Tax Form 8860.
Capital Gains
  • Zero Percent Capital Gains Rate for RC Assets. No applicable IRS Tax form at this time.
Other Incentives
  • New Markets Tax Credits. No applicable IRS Tax form at this time.
  • Low-Income Housing Tax Credit (LIHTC) IRS Tax Form 8609 and 8586.