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New Markets Tax Credit: An Introduction
The most recent program extensions were made in the 111th Congress. The American Recovery and Reinvestment Tax Act of 2009, P.L. 111-5, increased the NMTC allocation for 2008 and 2009 to $5 billion from $3.5 billion. Further, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (P.L. 111-312) extended the NMTC authorization through 2011 at $3.5 billion per year. In the 112th Congress H.R. 2655 and H.R. 3224 would both extend the NMTC through 2016 with allocation authority of $5 billion and $10 billion, respectively, while S. 3521 would extend the NMTC for two years with allocation authority of $3.5 billion per year. This report will be updated as warranted by legislative changes. Bills: H.R. 2655, H.R. 3224
This package includes following files:
| # | File Name | Document Date | Order ID: | Number of Pages | Price | |
|---|---|---|---|---|---|---|
| 1 |
RL34402.pdf
|
Jan 10, 2013 | RL34402 | 8 | $29.95 | Add to Cart |
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RL34402.pdf