<p>Coalition Reviews New Markets Tax Credit Impact in 2016</p>

Coalition Reviews New Markets Tax Credit Impact in 2016

New Markets Tax Credit Coalition

Projects financed by the new markets tax credit in 2016 created 36,101 jobs, including 20,384 full-time-equivalent jobs, and 76 percent of those projects were in “severely distressed communities,” which far exceeded statutory requirements for the tax expenditure, according to a June report by the New Markets Tax Credit Coalition.

NEW MARKETS TAX CREDIT PROGRESS REPORT

<p>Projects financed by the new markets tax credit in 2016 created 36,101 jobs, including 20,384 full-time-equivalent jobs, and 76 percent of those projects were in “severely distressed communities,” which far exceeded statutory requirements for the tax expenditure, according to a June report by the New Markets Tax Credit Coalition.</p>