On January 1, 2013, the House of Representatives passed The American Taxpayer Relief Act (H.R. 8), by a vote of 257-167. The package includes extension of New Markets Tax Credits for 2012 and 2013 at $3.5 billion in annual credit authority.
This was an important step by Congress to ensure the continued flow of billions in capital to credit-starved businesses in our nation’s most distressed urban and rural communities.
Read more about the New Markets Tax Credit: