Daines Works to Encourage Job Creation, Investment
March 5, 2015
WASHINGTON, D.C. –Senator Steve Daines today announced that he has introduced bipartisan legislation to encourage investment, job creation and economic growth in Montana and across the nation. Daines joined Senators Roy Blunt (R-MO), Chuck Schumer (D-NY) and Ben Cardin (D-MD) in introducing the New Markets Tax Credit Extension Act of 2015. This legislation would make permanent the New Markets Tax Credit (NMTC) program, provide an annual allocation of credits indexed to inflation, and exempt NMTC investments from the Alternative Minimum Tax. NMTC attracts capital to low-income communities by providing private investors with a 39 percent federal tax credit for investments made in