To amend the Internal Revenue Code of 1986 to revise the new market tax credit rules for population census tracts with low populations.

Amends the Internal Revenue Code, with respect to the new markets tax credit, to expand criteria for the designation of a census track with a population of less than 2,000 as a low-income community for purposes of such credit to include consideration of the poverty rate, median family income, or unemployment rate in such community.