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Final Budget Reconciliation Bill Advances without NMTC Extension Provision

Thursday, May 11, 2006 - 2:00PM

A one-year, $3.5 billion extension of the New Markets Tax Credit (NMTC) program was dropped from the final budget reconciliation tax bill, H.R. 4297, approved by House and Senate Republican conferees this week. The provision was included in the Senate version of the bill but was eliminated by the conference committee on May 9.

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