Markets Tax Credit (NMTC) for five years and provide $5 billion for the program annually. Unless Congress acts, the program will expire at the end of this year. S. 996 is co-sponsored by Sens. Olympia Snowe (R-ME), Jeff Bingaman (D-NM), Patrick Leahy (D-VT), Charles Schumer (D-NY), John Kerry (D-MA), and Scott Brown (R-MA).
NH&RA will continue to monitor NMTC program policy news; in addition, we will be covering the program in detail, as well as its prospects for extension at our Summer New Markets Tax Credit Symposium, July 20 in Martha’s Vineyard, Mass. Registration for the NMTC Symposium is now open.