Cardin, Daines Introduce Permanent Reauthorization for Housing Tax Credit that has Promoted Growth in Underserved Communities
WASHINGTON – U.S. Senators Ben Cardin (D-Md.) and Steven Daines (R-Mont.), both members of the Senate Finance Committee, today introduced legislation that will permanently extend the New Markets Tax Credit (NMTC), which has created jobs and driven investment in economically distressed neighborhoods. The New Markets Tax Credit Extension Act will permanently authorize a federal tax credit for businesses or