Gerlach, Neal renew push to make permanent a proven incentive for strengthening communities and creating jobs

April 2, 2014

House Ways & Means Committee Members Jim Gerlach (R-PA) and Richard Neal (D-MA) on Wednesday reintroduced bipartisan legislation that would make permanent a tax incentive credited with creating more than 550,000 jobs and incentivizing more than $60 billion in private investment to strengthen economically-distressed communities. The New Markets Tax Credit was established in 2000 to spur private investment in low-income rural communities and urban neighborhoods where access to capital is often ext...