Bills Introduced in Senate, House Call for NMTC to Receive Permanent Extension at $5 Billion
NMTC Coalition Applauds Sens. Cardin (D-MD) and Blunt (R-MO), Reps. Sewell (D-AL) and Reed (R-NY) for Introducing Bill to Deliver Much Needed Resources to Marginalized Communities WASHINGTON, D.C. (February 25, 2021) – Today, Reps. Terri Sewell (D-AL), Tom Reed (R-NY), Sens. Ben Cardin (D-MD) and Roy Blunt (R-MO) introduced the New Markets Tax Credit (NMTC) […]
New Markets Tax Credit Coalition Releases 2020 NMTC Progress Report
NMTC Celebrates 20 Years, Nearly 6,400 Projects Financed and Over One Million Jobs The New Markets Tax Credit Coalition today released its 2020 New Markets Tax Credit (NMTC) Progress Report, the sixteenth edition of the report—providing analysis of NMTC activities in 2019 as well as a special insert commemorating the 20th anniversary of the NMTC. An interactive, online […]
New Markets Tax Credit Receives One-Year, $5 Billion Extension
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 […]
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 […]
Multitude of Organizations Urge Congress to Save Soon-to-Expire NMTC
Nearly 1,000 businesses, investors and organizations call on Congress to expand and make the community and economic development tax credit permanent Testimonials about the NMTC from signatories
NMTC Coalition Releases 2019 NMTC Progress Report
The 15th edition of the NMTC Progress Report shows the NMTC continues to grow businesses and create jobs in rural and urban communities left outside the economic mainstream.
Treasury’s CDFI Fund Announces 2018 NMTC Awards
WASHINGTON, D.C. (May 23, 2019)– The U.S. Department of the Treasury’s CDFI Fund announced the Calendar Year 2018 New Markets Tax Credit (NMTC) allocation awards today. The CDFI Fund awarded $3.5 billion to 73 Community Development Entities (CDEs) from 35 states, Puerto Rico, and the District of Columbia. “The federal New Markets Tax Credit is a unique and […]
New Markets Tax Credit Coalition Hosts April 2019 Fly-in, Congressional Briefing
Yesterday, on April 9th, the nation’s leading community development entities met with nearly one hundred Members of Congress and their staffs to discuss the advancement of bills introduced in the House and Senate in February that make permanent and expand the New Markets Tax Credit. The fly-in, hosted by the New Markets Tax Credit Coalition, […]
Lawmakers, Community Development Leaders Gather in Washington, D.C. to Discuss Tax Policy Trends and Plans for 2019
Coalition gathers NMTC stakeholders for a policy conference, releases new state statistics WASHINGTON, D.C. (December 18, 2018) — The New Markets Tax Credit (NMTC) Coalition held its Annual Conference on December 12 and 13 in Washington, D.C. The event featured members of Congress as keynote speakers, and panels on timely community development matters. Attendees were […]
Helping Beyond Thanksgiving: Investing in the Revitalization of Low-Income Communities
Thanksgiving is a time to gather with friends and family, a time to reflect on our privileges and the past year’s accomplishments and—most of us—also look forward to enjoying a big, festive meal. Whether you host or travel to a loved one’s homes, many Americans will spend this Thursday gathered around a table, enjoying the […]