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 base
Recent Article Paints an Inaccurate Picture of the NMTC
Today, the New York Times published an article by Economic Policy reporter, Jonathan Weisman. The piece, entitled, “As Tax Br…
CRS report on expired economic development tax provisions
This week, the Congressional Research Service (CRS) released “Recently Expired Community Assistance Related Tax Provisions (“…
Broad Tax Extenders Coalition sign-on letter open for signatures
As discussed on the NMTC Coalition membership call this afternoon, the Broad Tax Extenders Coalition is collecting signature…
Chairman Wyden’s Statement on Tax Extenders
Senate Finance Committee Chairman Ron Wyden (D-OR), today issued the following statement on the need to renew expired tax pro…
Chairman Wyden Highlights Success of NMTC Investment in Albina Head Start
Federal and state NMTC financing will improve financial stability of Head Start program serving over 1,000 children.Portland, Ore. United States Senator Ron Wyden applauded the success of an $18
New Market Tax Credit Reports Ignore Success
A Comment on Reports by GAO and Senator Coburn Today, two reports were released on the New Markets Tax Credit (NMTC), one by…
Two New Reports Paint an Incomplete and Inaccurate Picture of the New Markets Tax Credit
Two reports were released on the New Markets Tax Credit (NMTC), one by the Government Accountability Office (GAO) and another by Senator Tom Coburn (R-OK), respectively Better Controls and Data are Ne
NMTC Provides Access to Capital That Distressed Communities Can Count On—At Least for Now
While authorization for the New Markets Tax Credit (NMTC) expired on December 31, 2013, NMTC practitioners continue their efforts to provide low income communities and neighborhoods with access to fle
New Markets Tax Credit Makes Substantial Contribution In Rural America
The New Markets Tax Credit: Creating Economic Opportunity in Rural America Report Finds that NMTC Has Generated A Significant Amount of Jobs and Investment in Rural CommunitiesA report issued yesterda
Fifty Members of the House Urge NMTC Extension
In a letter sent earlier this week to House Ways and Means Committee Chairman Dave Camp and Ranking Member Sander Levin, a bi…
NMTC Helps Finance the Newly-Opened National Center on Civil and Human Rights
The grand opening of the National Center on Civil and Human Rights took place in downtown Atlanta yesterday. More than seven years in the making, the grand opening signals the successful completion of
President Obama visits TechShop in Bakery Square
On the heels of the Administration’s announcement of $3.5 billion in NMTC allocation authority last week, President Obama tod…
NMTC Morning Roundup – June 18, 2014
The Oregonian profiles United Fund Advisors and Ecotrust, two Portland-based CDEs that received a combined $90 million in all…
New Report Demonstrates Widespread Impact of Expired Federal Tax Credit Program on Economically Distressed Communities
New Markets Tax Credit Responsible for Creating a ‘Significant Share’ of All Jobs Created in America in 2013, Finds 2014 NMTC Progress Report– The New Markets Tax Credit (NMTC) was responsible for cre
Michigan Renewable Carbon
Date of closing September 2013 Total Costs $24 million Total NMTCS $22 million Date of closing September 2013 Total Costs $24…
Sarla Performance Fibers
Sarla Performance Fibers began the expansion of a new polyester yarn and thread manufacturing facility in rural South Carolin…
Congress Takes Steps to Secure Future of New Markets Tax Credit
Congressional Leaders Propose Plans for Tax Credit that Leverages Private Investment in Economically Distressed Communities to Expand Businesses and Create JobsBoth Houses of Congress are taking actio
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…
House Target Lists – HR 4365
House-Democratic-Target-List House-GOP-Target-List…
Chairman Camp’s Memo on Tax Extenders
Yesterday, House Ways and Means Chairman Dave Camp released a memo to members of the committee on their tax reform efforts, o…
NMTC Coalition Comment Letter
On January 14, 2014, the CDFI Fund asked for comments on its NMTC allocation application. Notice requesting comments The NMTC…
Rep. Neal Commends White House for Support for NMTC in FY 2015 Budget
A short statement from Rep. Neal commending the President for supporting the New Markets Tax Credit in his FY 2015 budget….
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 – Over 1,400 businesses, investors, nonprofit organizations and community leaders sent a letter to Capito
Omission in Camp Tax Draft Could Cost Communities and Jobs
Tax Reform Discussion Draft Excludes New Markets Tax Credit. The Chairman of the House Ways and Means Committee, Dave Camp (R-MI), released his tax reform discussion draft to the public today, while M
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…
Jack Kemp and Poverty
In today’s Washington Post, Michael Gerson wrote about Congressman Jack Kemp’s support for immigration reform and other…
New Markets Tax Credit Financing Creates New Jobs and New Hope for South Carolina Community
Continental Tire Plant Grand Opening Reaffirms Vital Role of the NMTC in Revitalizing Distressed Communities and Underscores…
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 Th…
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…
“New Markets Tax Credit Program Evaluation” (Urban Institute): NMTC Coalition Response
“New Markets Tax Credit Program Evaluation” (Urban Institute): NMTC Coalition Response On November 15, 2013, the Community Development Financial Institutions (CDFI) Fund released New Markets Tax Credit Evaluation, a formal evaluation of the first four years of the New Markets Tax Credit (NMTC) program (2003-2007). The Urban Institute’s study found that the NMTC has worked […]
Bipartisan Push Underway to Permanently Extend Federal Tax Credit Encouraging Investment in Economically Disadvantaged Communities
Letter to House Ways and Means Leadership Calls for Permanent Extension of New Markets Tax Credit Program– House Republicans and Democrats are formally asking House Ways and Means Chairman Dave Camp (
Tax credit for distressed communities to expire without action: Guest opinion
With the end of the shutdown in Washington, D.C., many are speculating tax reform will be a priority. Let’s hope so: The New…
Congressmen Stivers (R-OH) and Michaud (D-ME) circulate NMTC sign-on letter
Representatives Steve Stivers (R-OH) and Mike Michaud (D-OH)’s bipartisan sign-on letter in support of a NMTC extension is no…
Forbes on the “cure-all” for disinvested communities
Be sure to check out today’s Forbes article on the NMTC sign-on letter recently sent to Congress urging an extension of the N…
Thousands Call On Congress to Keep New Markets Tax Credit
Over 1,200 businesses, investors, nonprofit organizations and community leaders sent a letter to Capitol…