Tell Your Representatives to Cosponsor the Gerlach/Neal NMTC Extension Bill (HR. 4365)

On April 2, 2014, Representatives Jim Gerlach (R-PA) and Richard Neal (D-MA) introduced the New Markets Tax Credit Extension Act of 2014 (HR 4365). The bill would extend the NMTC indefinitely and provide an increase in allocation authority in 2014 with an adjustment for inflation in the off years. Like previous NMTC extension bills, it […]

NMTC Coalition Comment Letter

On January 14, 2014, the CDFI Fund asked for comments on its NMTC allocation application. Notice requesting comments The NMTC Coalition submitted comments to the Fund: March 17, 2014 Mr. Robert Ibanez NMTC Program Manager Community Development Financial Institutions Fund U.S. Department of Treasury 1500 Pennsylvania Avenue, NW Washington, DC 20220 Dear Mr. Ibanez: I […]

Businesses, Community Leaders Call On Congress to Keep New Markets Tax Credit

More than 1,400 Individuals and Organizations Send Letter to Congress in Support of the Credit Washington, D.C. – Over 1,400 businesses, investors, nonprofit organizations and community leaders sent a letter to Capitol Hill today urging leaders of the House and Senate tax-writing committees to extend the New Markets Tax Credit (NMTC), a tool for creating […]

Omission in Camp Tax Draft Could Cost Communities and Jobs

Tax Reform Discussion Draft Excludes New Markets Tax Credit Contact: Bob Rapoza bob@rapoza.org (202) 393-5225 Washington, D.C. – The Chairman of the House Ways and Means Committee, Dave Camp (R-MI), released his tax reform discussion draft to the public today, while Members of the Committee were briefed on the draft yesterday. The proposal by Chairman […]

Sign-on to support an extension of the NMTC

We once again wish to stress to Congress the importance of the credit to thousands of businesses, state and local government officials, and investors. Please join in the effort to extend NMTC by signing our letter and encouraging other NMTC supporters in your community to sign on as well. Read the letter and sign-on The […]

Jack Kemp and Poverty

In today’s Washington Post, Michael Gerson wrote about Congressman Jack Kemp’s support for immigration reform and other (as he called them) “bleeding heart conservative” initiatives. Setting aside the partisan political issues tackled in Gerson’s article, his piece is a reminder that while Kemp may be best known as the affable advocate for supply-side tax policy, he also […]

A Decade Later: New Markets Tax Credit Created Half A Million Jobs

Newly Released Data Sheds Light on Impact of Credit, Underscores Potential Impact of Looming Expiration Washington, D.C. – This year marked 10 years since the first New Markets Tax Credit (NMTC) projects were financed. Data from the program’s first 10 years – including new numbers just released last week—indicates the NMTC has created more than […]

Join Reps. Gerlach and Neal at the NMTC Coalition’s Annual Conference

There’s still time to register for the New Markets Tax Credit Coalition’s 2013 Annual Conference on December 12th & 13th in Washington, DC at the Hotel Monaco. Two of the NMTC’s champions in the House of Representatives, Congressmen Jim Gerlach (R-PA) and Richard Neal (D-MA), will be the keynote speakers at the conference. Congressmen Gerlach […]