Yesterday, the San Antonio law firm of Kennedy Sutherland LLP urged Congress to extend the New Markets Tax Credit (NMTC) program by signing onto the New Markets Tax Credit Coalition letter. The letter, strongly urged the 113th Congress to extend the New Markets Tax Credit (NMTC) program before adjourning this year. Along with 1,500 organizations, including businesses, nonprofits and investors, we believe the economic activity spurred by NMTC investments has generated enough tax revenue to cover the cost of the program and has. The program has created over 550,000 jobs in severely distressed communities with unemployment rates at least 1.5 times the national average or with poverty rates of at least 30 percent.
Kennedy Sutherland Urges Congress to Extend NMTC Program
