1. Certain population census tracts for which information is not available made eligible for new markets tax credit
In general— Subsection (e) of section 45D of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:
“(6) Special rule for tracts for which information is not available—In the case of a population census tract with respect to which the Secretary determines there is insufficient information to determine whether such tract is a low-income community (determined without regard to this paragraph), such tract shall be treated as a low-income community if—
“(A) such tract is adjacent to two or more low-income communities (determined without regard to this paragraph), and
“(B) the Secretary does not have information indicating that such tract is not a low-income community (as so determined).”
Effective date— The amendment made by this section shall apply to investments made after the date of the enactment of this Act.