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Bipartisan Bill Introduced to Make NMTC Permanent

Wednesday, April 2, 2014 - 7:00AM

House Ways & Means Committee Members Jim Gerlach, R-Pa.,  and Richard Neal, D-Mass., today reintroduced bipartisan legislation that would make permanent the new markets tax credit (NMTC). In a statement about the bill’s introduction, the NMTC is credited with creating more than 550,000 jobs and incentivizing more than $60 billion in private investment to strengthen economically-distressed communities. A copy of the bill, H.R. 4365, will be posted at as soon as the text becomes available.

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