Yesterday, the Joint Committee on Taxation released “OVERVIEW OF SELECTED PROVISIONS AND OPTIONS RELATING TO FUNDING AND FINANCING INFRASTRUCTURE INVESTMENTS.” The report highlights tax provisions employed for the financing of infrastructure. With the help of CDFI Fund data, the committee was able to identify 171 infrastructure projects financed by the NMTC totaling over $2 billion….
Contact: Ayrianne Parks, [email protected], (202) 393-5225 Spending Bill Expected to be Signed Into Law Today Authorizes $1.5 Billion Increase in Allocation WASHINGTON, D.C. (December 20, 2019) – The Fiscal Year 2020 appropriations bill , H.R. 1865, which will signed into law today by President Trump, includes a one-year, $5 billion extension of the New Markets…
Overnight, congressional negotiators reached a deal on expired tax provisions that would provide a one-year New Markets Tax Credit extension at an allocation level of $5 billion for 2020. The legislation is expected to pass the House and Senate by the end of the week. The Coalition put together a video with our projections on…
Tax Policy Trends and Plans for 2020 Were Focus for Lawmakers, Community Development Leaders at Annual D.C. Policy Conference
Coalition gathers NMTC stakeholders, releases state statistics WASHINGTON, Dec. 16, 2019 /PRNewswire/ — New Markets Tax Credit extension legislation, tax policy trends and plans for 2020 were the focus as the New Markets Tax Credit (NMTC) Coalition held its annual NMTC Policy Conference late last week in Washington, D.C. The two-day event featured several members of Congress as keynote speakers, included…
The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) are soliciting comment on a new proposal to modernize Community Reinvestment Act (CRA) regulations. Notice of Proposed Rulemaking OCC Summary OCC Fact Sheet Changes to CRA are of great interest to NMTC practioners. Bank investors are important partners in…
Latest Cosponsors of H.R. 1680
Latest Cosponsors of S. 750
State Fact Sheets and Stories
Have a Project?
Do you have a great project in a low income community that is in need of NMTC allocation? We recommend first watching our “How It Works” video.
The next step is to check the CDFI Fund’s mapping site to see if your project is in an eligible census tract.
Finally, check to see which Community Development Entities serving your area have remaining NMTC allocation.