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Legislators Re-Introduce Bill to Dedicate NMTC Portion to Coal Country

Thursday, January 12, 2017 - 9:30AM

U.S. Sen. Shelley Capito, R-W.Va., on Jan. 10 reintroduced the Creating Opportunities for Rural Economies (CORE) Act (S. 76), a bill that would dedicate 5 percent of each new markets tax credit (NMTC) allocation round to communities impacted by job losses in the coal industry, beginning with the calendar year 2017 allocation round. Rep. Evan Jenkins, R-W.Va., introduced companion legislation (H.R. 405) in the House, also on Jan. 10. The CORE Act was first introduced in the House and Senate late last year but did not progress before the 114th Congress adjourned.

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