Possibility of Permanent Extension of New Markets Tax Credit Offers Great Opportunities

Underserved communities that confront difficult situations, including natural disasters, economic distress, and economic dislocation, rely on the New Markets Tax Credit (NMTC). It helps them restore economic stability and improve integral health and social services. During present times in particular, as we face the global COVID-19 pandemic, numerous communities across the county have been hit […]

Coalition Releases “A Decade of the NMTC”

A new report by the New Markets Tax Credit Coalition shows the economic impact of the NMTC between 2003 and 2012. The program created nearly three-quarters of a million jobs in rural and urban communities. Read the NMTC economic impact report

Coburn’s Tax Report Rehashes the Same Incomplete and Inaccurate Picture of the NMTC

With the release of “Decoding the Tax Code” today, Senator Tom Coburn (R-OK) continues to claim that the NMTC projects result in the government choosing favorites. The report rehashes the tired and baseless criticism of the NMTC levied in his previous report, “Banking on the Poor,” released this fall in conjunction with a GAO report […]