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NMTC Extension
Legislation
H.R. 4213, American Workers, State, and Business Relief Act of 2010
Substitute Amendment S.AMDT.3336 Introduced March 1, 2010
Cosponsors (None) More information
Senate Republican Policy Committee Summary of the American Workers, State, and Business Relief Act (March 1, 2010)
DRAFT of Senate Jobs Bill (not yet introduced)
As of February 9, 2010
S. 1583, New Markets Tax Credit Extension Act of 2009
Introduced on August 5, 2009 by Sen. Jay Rockefeller
Would extend the NMTC for five years throught 2014 and provide $5 billion in annual NMTC allocation authority. Would permit the NMTC to offset the alternative minimum tax (AMT).
H.R. 2628, New Markets Tax Credit Extension Act of 2009
Introduced by Rep. Richard Neal on May 21, 2009
Would amend the Internal Revenue Code of 1986 to extend the new markets tax credit through 2013, among other purposes.
President's Proposed Budget
Proposed Budget of the United States Government, Fiscal Year 2011
JCX-7-10R: Estimated Budget Effects Of The Revenue Provisions Contained In The President's Fiscal Year 2011 Budget Proposal (March 15, 2010)
JCX-7-10: Estimated Revenue Effects Of The Revenue Provisions Contained In The President’s Fiscal Year 2011 Budget (March 08, 2010)
Letters and Testimony
Coming Soon
Other Resources
Press Release: Treasury Secretary Geithner Announces Proposals To Extend and Enhance The New Markets Tax Credit (February 18, 2010)
Fact Sheet on the New Markets Tax Credit and the enhancements in the FY 2011 Budget request
Proposal to Extend the New Markets Tax Credit in the President's FY 2011 Budget (February 1, 2010)
General Explanations of the Administration’s Fiscal Year 2011 Revenue Proposals ("Green Book") (February 1, 2010)
Press Release: Rockefeller Introduces Legislation for Rural and Low-Income Communities (August 6, 2009)