Ohio New Market Tax Credit

How would I model the Ohio New Market tax credit in SAM? It is a 39% tax credit spread over seven years for investors who make an investment in a qualified low-income community business. We expect the actual value of the credit to be 15% after expenses.

In SAM, it is not possible to model a tax credit over a period of years. However, you can approximate the value of the credit by modeling it as a conventional investment tax credit (ITC) in Year 1.

Also, here's a discussion about modeling the North Carolina distributed tax credit in SAM . See also the presentation by Miriam Makhyoun from the 2012 SAM Virtual Conference . Slide 14 in her presentation ( PDF 680 KB ) shows how the North Carolina Sustainable Energy Association modeled the distributed tax credit in SAM.

Best regards,
Paul.