A recently introduced bill (H. R. 3939) in the U.S. House of Representatives would amend certain provisions of the Internal Revenue Code, including a permanent extension of the New Markets Tax Credit (NMTC) program, in order to stimulate economic investment and create jobs. More specifically, Section 201 of the legislation would permanently extend the NMTC program at $5 billion, readjusted each year for cost-of-living, rounded to the nearest $1,000,000. The measure, which was introduced by Representative Richard Neal (D-MA), was referred to the House Committee on Ways and Means and the Committee on Transportation and Infrastructure, and Education and the Workforce. Click here to read H.R. 3939.