New Markets Tax Credit Receives Five-Year $5 Billion Extension
WASHINGTON, D.C. (December 22, 2020) – The Consolidated Appropriations Act of 2020, passed by the House and Senate and expected to be signed by the President includes a five-year, $25 billion annual extension of the New Markets Tax Credit (NMTC), the largest extension in the history of the Credit. This allocation will go far to deliver resources to low-income and marginalized communities, creating jobs, increasing economic opportunity and…