NMTC Gets One Year Extension with $2.5 B in Annual Credit

New Markets Tax Credits (NMTC) gets one year extension with $3.5 billion in annual credit authority provided for 2014 as a part of the one-year retroactive tax extender bill. The NMTC had expired at the end of 2013 and passage of this bill would allow the CDFI Fund to consider pending NMTC applications for 2014.