Novogradac NMTC Working Group submits recommendations to Senate Committee

September 18, 2017  |   CDVCA Ventures Blog   |     |   Comments Off on Novogradac NMTC Working Group submits recommendations to Senate Committee

In line with its efforts to address regulatory and administrative issues of the New Markets Tax Credit (NMTC) program, the Novogradac NMTC Group submitted recommendations to the Senate Finance Committee last August 2017. Among its recommendations were obtaining permanency for the NMTC program, increasing the program’s annual credit authority, and modifying the recapture rules to enable greater efficiency. For full details, read the article¬†here.