Last week, the Chairman of the House Ways and Means Committee, Rep. Sander M. Levin (D-Mich.) announced the introduction of the Investing in American Jobs and Closing Tax Loopholes Act of 2010 (H.R. 5893). The bill includes a provision that would allow new markets tax credits (NMTCs) to be claimed against the alternative minimum tax with respect to qualified investments made between March 15, 2010 and January 1, 2012. The bill would also extend the Build America Bonds program for two years. Read more…