[20070619]RS22680_The New Markets Tax Credit：简介.pdf

1、Order Code RS22680June 19, 2007The New Markets Tax Credit: An Introduction Donald J. MarplesSpecialist in Public Sector EconomicsGovernment and Finance DivisionSummaryThe New Markets Tax Credit (NMTC) is a non-refundable tax credit intended toencourage private capital investment in eligible low-inco

2、me communities. NMTCs areallocated by the Community Development Financial Institutions Fund (CDFI) under acompetitive application process. Investors who make qualified equity investmentsreduce their federal income tax liability by claiming the credit. The NMTC program,enacted in 2000, is currently a

3、uthorized to allocate $18.5 billion through the end of2008. To date, $12.1 billion in NMTCs has been allocated.In the 110th Congress, legislative attention has focused on extending the NMTCprogram authorization past its currently scheduled 2008 expiration. H.R. 2075 and S.1239 propose to extend the

4、NMTC through 2013. Both bills propose an additionalallocation authority of $3.5 billion per year through 2013, indexed for inflation.This report will be updated as warranted by legislative changes.OverviewThe New Markets Tax Credit (NMTC) was enacted by the Community RenewalTax Relief Act of 2000 (P