The NMTC expires at the end of 2025. The bipartisan New Markets Tax Credit Extension Act of 2021 was introduced in the House and Senate this February. The legislation in both the House (H.R. 1321, introduced by Reps. Sewell D-AL and Reed R-NY) and Senate (S. 456, introduced by Sens. Cardin D-MD and Blunt R-MO) would make the program permanent. Contact your members of Congress and ask them to cosponsor.
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Advocacy Actions
Write an Op-Ed
Submitting an opinion piece to your local or state press is a great way to bring attention to the impact of the NMTC in your community. Highlight the projects and the effect the Credit has had on economic growth as well as creating and retaining jobs where they are needed the most.
Congressional Tour
Getting a Member of Congress to visit a NMTC-financed business is simply one of the most powerful ways to advocate for the extension. Consider extending an invitation when you visit Congressional staff in DC or contract their district office with potential dates and possible NMTC financed businesses that would be of interest.