The New Markets Tax Credit Coalition (NMTCC) is circulating a letter of support for the new markets tax credit (NMTC) that urges lawmakers to co-sponsor S. 996, the New Markets Tax Credit Extension Act of 2011. The bill would extend the NMTC with $5 billion in annual allocation authority through 2016 with alternative minimum tax (AMT) relief for investors. NMTCC is urging the community development entities (CDEs) to forward the sign-on letter to businesses that have benefited from NMTC financing, including investees and applicants. The deadline to sign on to the letter in support of S. 996 is July 31.
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