Bill Introduced to Permanently Extend NMTC

February 11, 2015  |   CDVCA Ventures Blog,Public Policy   |     |   Comments Off on Bill Introduced to Permanently Extend NMTC

Three members of the House Ways and Means Committee, including Congressmen Pat Tiberi (R-OH), Tom Reed (R-NY) and Richard Neal (D-MA), introduced a bill to permanently extend the New Markets Tax Credit (NMTC) Program.  New Markets Tax Credit Extension Act of 2015 would ensure that rural communities and urban neighborhoods left outside the economic mainstream have access to financing to grow their economies and create jobs.  The legislation would also provide an annual inflation adjustment and allow the NMTC to be taken against alternative minimum tax liability.

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