Written by seasoned experts, this book summarizes legal and policy issues of significance and is accompanied by an annotated bibliography for further reading. The new markets tax credit has been much studied over its first decade of existence, with the U.S. General Accountability Office, the Urban Institute and the New Markets Tax Credit Coalition all having conducted or commissioned reports. For readers interested in learning more about such context and the objective measures of the program's success, we would recommend any of the reports listed in the endnotes. The guide reviews the basic concepts inherent in transactions structured to take advantage of the new markets tax credit. This provides a broad view of the fundamental mechanics of the credit that will prove useful when delving deeper into details.