News from New Markets Tax Credit Coalition A wide array of domestic and global news stories; news topics include politics/government, business, technology, religion, sports/entertainment, science/nature, and health/lifestyle. Articles that appear in this section may be written in English or other languages.

Latest

Oct 18, 2017, 15:07 ET Thousands of Organizations Urge Congress to Save NMTC in Tax Reform

Today, the New Markets Tax Credit (NMTC) Coalition sent a letter addressed to the House Ways and Means Committee and its Chairman, Kevin Brady...


Sep 27, 2017, 13:52 ET Republican Tax Framework Leaves Economic Future of Distressed Communities in Uncertain Situation with Omission of the NMTC

The NMTC Coalition was disappointed that the Republican Tax Framework released by Republican leadership left out the federal New Markets Tax Credit...


Aug 01, 2017, 19:51 ET Independent Report Finds NMTC Program Meets, Exceeds Program Objectives

The NMTC Coalition was pleased to see a new independent report commissioned by the U.S. Department of the Treasury's CDFI Fund to evaluate the...


Jun 07, 2017, 08:32 ET Coalition Releases 2017 New Markets Tax Credit (NMTC) Progress Report

The New Markets Tax Credit Coalition today released its 2017 New Markets Tax Credit (NMTC) Progress Report the thirteenth edition of the...


May 02, 2017, 16:38 ET Treasury's CDFI Fund Announces Availability of New Markets Tax Credits for 2017

The NMTC Coalition was pleased to see the U.S. Department of the Treasury release the Notice of Allocation Availability (NOAA) today for the...


Apr 18, 2017, 11:02 ET U.S. Sen. Steven Daines Sees the NMTC at Work during Tour of New Universal Athletic Headquarters in Bozeman

U.S. Senator Steven Daines toured the new corporate headquarters of Universal Athletic Services on Monday. Senator Daines was also joined by...


Mar 23, 2017, 15:58 ET New Markets Tax Credit Briefing Demonstrates Credit's Success in Rural and Urban Communities

The NMTC Coalition hosted a briefing on Capitol Hill yesterday to share information on the impact of the New Markets Tax Credit (NMTC) in rural and...


Feb 16, 2017, 14:19 ET House and Senate Members Move to Make New Markets Tax Credit Permanent

Legislation was introduced in the House and Senate to secure the future of the New Markets Tax Credit (NMTC). Congressman Pat Tiberi (R-OH) and two...


Feb 07, 2017, 10:38 ET Some 2,000 Businesses, Banks and Nonprofits Call for New Markets Permanency

Today some 2,000 groups that have seen the New Markets Tax Credit at work in their communities sent a letter to Congress, calling on it to enact...


Nov 17, 2016, 17:01 ET Treasury Announces Record $7 billion in NMTC Awards

The U.S. Department of the Treasury Secretary Jack Lew announced the Calendar Year 2015 and 2016 New Markets Tax Credit (NMTC) allocation awards...


Aug 09, 2016, 13:17 ET Treasury Secretary visits New Markets Tax Credit Financed Grocer in Minneapolis

U.S. Department of the Treasury Secretary Jack Lew traveled to Minneapolis on Monday to meet with community and business leaders to highlight...


Aug 08, 2016, 14:27 ET Senator Visits NMTC Financed Kansas Children's Education and Health Center

Today, Senator Pat Roberts (R-KS) visited the Children's Campus of Kansas City, a New Markets Tax Credit (NMTC) financed community facility serving...


Jun 06, 2016, 13:59 ET Community Development Leaders Gather in Washington, DC to Discuss Tax Policy Trends and Plans for 2017

 This week, the New Markets Tax Credit (NMTC) Coalition held its New Markets Tax Credit Annual Policy Conference. The event featured the...


May 23, 2016, 17:22 ET Chorus of Congressional Leaders Urges Permanency for Community Development Tax Credit

 Today, the New Markets Tax Credit (NMTC) Coalition submitted testimony to the House Ways and Means Subcommittee on Tax Policy urging...


Mar 22, 2016, 19:44 ET Senator Crapo Visits New NMTC-financed Hemming Cedars Site in Rexburg, ID

Today, Senator Mike Crapo visited the future site of Hemming Cedars, a mixed use building in Rexburg. The facility is a New Markets Tax Credit...


Dec 16, 2015, 14:33 ET New Markets Tax Credit Leaders Applaud 5-Year Extension of Community Development Tax Credit

Late last night, Congressional leaders and the White House came to an agreement on a tax extender deal, which includes permanency for a few...


Dec 09, 2015, 10:28 ET NMTC Community Development Leaders Meet on Heels of Tax Extenders Legislation Introduction in the House

Today and tomorrow, the New Markets Tax Credit Coalition is holding its Annual Conference, drawing community development experts from around the...


Feb 10, 2015, 17:13 ET House Bill Would Make New Markets Tax Credit Permanent

Three members of the House Ways and Means Committee, including Congressmen Pat Tiberi (R-OH), Tom Reed (R-NY) and Richard Neal (D-MA), introduced a...


Dec 10, 2014, 05:13 ET New Markets Tax Credit Coalition's Annual Conference in DC at Pivotal Moment for Tax Extenders

 As the Senate is prepares to vote on a one-year extension for expired tax provisions, the New Markets Tax Credit (NMTC) Coalition is convening...


Nov 18, 2014, 10:34 ET Extend Expired New Markets Tax Credit Now

 With just a handful of days left for the 113th Congress, some 1,500 businesses, investors and nonprofit organizations from across the country...


Aug 11, 2014, 16:37 ET Two New Reports Paint an Incomplete and Inaccurate Picture of the New Markets Tax Credit

 Two reports were released on the New Markets Tax Credit (NMTC), one by the Government Accountability Office (GAO) and another by Senator Tom...


Jul 14, 2014, 13:35 ET New Markets Tax Credit Makes Substantial Contribution In Rural America

A report issued today by a coalition of community development organizations and financial institutions details how the New Markets Tax Credit...


Jun 24, 2014, 13:16 ET New Markets Tax Credit Helps Finance the Newly-Opened National Center on Civil and Human Rights

 The grand opening of the National Center on Civil and Human Rights took place in downtown Atlanta yesterday. More than seven years in the...


Jun 10, 2014, 09:34 ET New Report Demonstrates Widespread Impact of Expired Federal Tax Credit Program on Economically Distressed Communities

 The New Markets Tax Credit (NMTC) was responsible for creating more than 54,000 jobs last year, according to a new report released by the NMTC...


Nov 01, 2013, 09:35 ET Bipartisan Push Underway to Permanently Extend Federal Tax Credit Encouraging Investment in Economically Disadvantaged Communities

 House Republicans and Democrats are formally asking House Ways and Means Chairman Dave Camp (R-MI) and Ranking Member Sander Levin (D-MI) to...