On Thursday, June 20 at 9:30 am EDT, the House Ways and Means Committee will markup The Taxpayer Certainty and Disaster Tax Relief Act of 2019 (H.R. 3301), which would extend the New Markets Tax Credit (NMTC) through 2020. The NMTC will expire at the end of 2019 absent congressional action. The bill would also increase California’s LIHTC allocation by 50 percent of the 2017 and 2018 LIHTC allocation or the aggregate amount allocated to buildings in qualified disaster areas, whichever is less. The markup will take place in room 1100 of the Longworth House Office Building and via webcast.
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