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Tiberi, Neal Introduce Bill for NMTC Permanence

Wednesday, February 15, 2017 - 10:30AM

Reps. Pat Tiberi, R-Ohio and Richard Neal, D-Mass., today introduced legislation that would make permanent the new markets tax credit (NMTC). Companion legislation was introduced in the Senate by Sen. Roy Blunt, R-Mo. The bill calls for the NMTC to become a permanent part of the tax code with an inflation adjustment in future years and alternative minimum tax (ATM) relief for investors. The NMTC is currently authorized through 2019 at $3.5 billion per year. This is the third straight session of Congress in which a bill was introduced to make the NMTC permanent. 

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