Bipartisan Pair of Representatives Circulate Letter in Support of NMTC Permanency

Representatives Steve Stivers (R-OH-15) and Jose Serrano (D-NY-15) are circulating a “Dear Colleague” letter asking their House colleagues to join them in requesting that the New Markets Tax Credit (NMTC) be permanently extended. The letter is addressed to Ways and Means Chair Kevin Brady (R-TX) and is intended for members who are not on the Ways and Means Committee. NMTC is set to expire at the end of 2019 unless Congress extends the program. The New Markets Tax Credit Extension Act (H.R. 1098), bipartisan legislation that would make the NMTC a permanent part of the tax code and index the Credit to inflation, currently has 100 co-sponsors, a significant milestone. Reps. Stivers and Serrano urge their colleagues to support making NMTC permanent in any tax legislation that comes before the House during the lame duck session. The deadline to sign onto the letter is Friday, November 9. Enterprise urges all members of Congress who have not yet signed on in support of the New Markets Tax Credit Extension Act to now do so.

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