Bipartisan Letter Urges NMTC Extension

Tuesday, June 24, 2014 - 7:00am

A group of 50 U.S. Representatives yesterday sent a joint letter to Ways and Means Chairman Dave Camp, R-Mich., and Ranking Member Sander Levin, D-Mich., urging them to support an extension of the new markets tax credit (NMTC). Circulated by Reps. Mike Turner, R-Ohio, and Chaka Fattah, D-Pa., the sign-on letter noted that businesses and jobs financed by the NMTC produce enough income tax revenue to offset the cost of the program.