Bipartisan Support for NMTC Grows

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Senate Finance Committee Includes Extension and Inflation Adjustment for NMTC

WASHINGTON, D.C. –The Senate Finance Committee takes up tax extenders today, including action on the New Markets Tax Credit (NMTC). Signaling strong bipartisan support for this proven community development tool, Chairman Orrin Hatch (R-UT) released a modified Chairman’s mark this morning, which includes an amendment offered by Senator Cardin (D-MD) to increase the total NMTC allocation from $3.5 billion to $3.94 billion for 2015 and 2016.

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2016-10-31T14:47:19+00:00 July 23rd, 2015|VRV News|