Mississippi Bill Would Extend State NMTC Program Through Mid-2024

Tuesday, March 9, 2021 - 11:15am

Legislation in the Mississippi House of Representatives would extend the sunset date of the state new markets tax credit incentive by three years, to July 1, 2024. H.B. 499 would make no other changes to the state NMTC incentive, which has an annual cap of $15 million, a transaction cap of $10 million and is set to expire July 1, 2021. Another bill in the state legislature would extend the cap by one year, through July 1, 2022.

The Novogradac Introduction to New Markets Tax Credit booklet was updated for 2020 and provides a look into the goals and structure of the NMTC.