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BILL SUMMARY:

NMTC HISTORY AND PURPOSE

The New Markets Tax Credit (NMTC) was designed to increase the flow of capital to businesses and low income communities by providing a modest tax incentive to private investors. Over the last decade, the NMTC has proven to be an effective, targeted, and cost-efficient financing tool valued by businesses, communities, and investors across the country.

Click to read more about the NMTC's impact and the types of businesses and revitalization projects the Credit supports
Click to read more about the NMTC’s impact and the types of businesses and revitalization projects the Credit supports

The American Taxpayer Relief Act passed at the end of the 112th Congress includes a two-year extension of the New Markets Tax Credits with $3.5 billion in annual credit authority provided for 2012 and 2013.

The IMPACT of NMTC INVESMENTS