Browse our NMTC Project Map, which includes stories and jobs data for NMTC projects in all fifty states and the District of Columbia.
Build support for the NMTC Extension Bills: H.R. 855 and S. 591.
HOUSE EXTENSION BILL:
Fact sheet, cosponsors, and more information on HR 855.
SENATE EXTENSION BILL:
Fact sheet, cosponsors, and more information on S 591.
About the NMTC
The New Markets Tax Credit (NMTC) was originally authorized in 2000 as part of a bipartisan collaboration between President Clinton and Speaker Hastert (R-IL). The idea behind the NMTC is that there are good business opportunities in urban and rural low-income communities, but the cost and availability of capital in these "New Markets" is an impediment to economic growth. NMTC employs a modest federal subsidy to stimulate private sector investment in these communities through a delivery system of private for-profit and nonprofit entities that provides patient, flexible capital to businesses and projects.
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From the Blog
- National Journal Article on Tax Credits Aimed at Helping Middle Class and Low Income People March 24, 2015
- New Markets Tax Credit Talking Points March 20, 2015
- New Senate Bill Echoes House and Administration Calls for New Markets Tax Credit Permanency March 4, 2015
- New Markets Tax Credit Driving Downtown Cincinnati Revitalization February 25, 2015
- House Bill Would Make New Markets Tax Credit Permanent February 10, 2015
Browse our video vault, featuring case studies, Congressional testimony, hearings, and events.