Advocates Lobby Congress to Strengthen New Markets Tax Credit


credit: Ron Beitler

Thousands of businesses, investors, nonprofit organizations and community leaders urged Congress to keep the New Markets Tax Credit (NMTC).

The NMTC increases capital stream to businesses and development projects in low-income areas across the country by providing a modest tax incentive to private investors. The critical need for the NMTC is highlighted by federal investment trends.


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