New Markets Tax Credit Extended for Two Years

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:

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