Sign Up For Novogradac Industry Alert Emails

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 www.newmarketscredits.com as soon as the text becomes available.

Learn more about Novogradac's expertise and many services