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What must a business or agency do to be considered operating in a low income community?

April 26, 2017agency Business income low operating

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What must a business or agency do to be considered operating in a low income community?

1 Answer

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10 Posted

• To be considered operating in a LIC the business generally must meet 3 tests: • 50% of the gross income must be derived from the LIC, and • At least 40% of the tangible assets must be located in the LIC, and • At least 40% of the services performed by its employees must be performed in the LIC.