HR 8965
New Markets Stabilization Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The New Markets Stabilization Act makes changes to the New Markets Tax Credit (NMTC) program to encourage investment in economically distressed communities. It increases the amount of available credits, extends the timeframe for these credits, and allows businesses to carry back credits for five years. The bill also removes limitations on how these credits can be used and provides temporary relief regarding debt modifications related to NMTC investments.
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Primary sponsor
Cosponsor
Tom Reed
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