231 Mayors Call on Congress to Extend the Solar Investment Tax Credit
A bipartisan group of 231 mayors from Tacoma, Wash to Ft. Lauderdale, Fla. sent a letter to Congress today urging them to pass the Renewable Energy Extension Act (HR 3961/S. 2289), a five-year extension of the solar Investment Tax Credit (ITC).
Bills Introduced to Extend Section 25C, Section 45L Credits
Two bipartisan, bicameral bills were introduced to extend two energy tax incentives that expired at the end of 2017. The Home Energy Savings Act would extend the Internal Revenue Code Section 25C tax credit for qualified energy efficiency improvements to Dec. 31, 2026. The New Home Energy Efficiency Act was introduced to extend and update the Section 45L tax credit for new energy-efficient homes through 2022.
Historic Tax Credit Enhancement Act Introduced in U.S. Senate
The Historic Tax Credit Enhancement Act was introduced in the U.S. Senate on a bipartisan basis. The bill increases the Federal Historic Tax Credit to 30% for properties with rehabilitation expenses of under $3.75 million and eliminates the HTC basis adjustment requirement.
Divide Emerges Over Whether MO Governor Should Restart Low-Income Housing Tax Credit
Efforts to create more housing using the state low-income housing tax credit have been stymied for roughly two years. Even though he's been publicly supportive of the program that's been a political flashpoint for a decade, Gov. Mike Parson pledged not to restart it without legislative changes.
Jessie Trice CHS is Expanding its Miami Gardens Location with NMTCs
With financing from the New Markets Tax Credit Program, Jessie Trice CHS is expanding its Miami Gardens location. The new 15,191 sq ft facility will serve an estimated 13,400 clients – 92% low-income – with medical, dental, mental health, and pharmacy services. For uninsured or under-insured patients, discounted fees are available on a sliding fee scale.
Plans Underway for New $6.1M Facility in Billings, MO Thanks to NMTC
For more than 100 years, Billings Family Service has been the only organization standing between many low-income families and hunger, cold, and homelessness. The nonprofit provides critical resources like food boxes, low/no-cost clothing, utility assistance, and job training to at-risk families and homebound seniors across Yellowstone County.
NMTC Expands American Steel Manufacturer to Increase Local Steel Production and Create Jobs
This family-owned steel company resolved to expand its Cuyahoga Heights, Ohio facility, which is located in a highly distressed, low-income community, and create a new, high-quality "Cut-to-Length Bar" product line. New Markets Tax Credit financing enabled Charter to acquire the equipment and machinery needed to operate its new, $148 million, 170,000 sq. ft. rolling mill.
MoFi Invests in Grocery Supplier/Distributor in Caldwell, ID
A member of the Jackson Food Stores family, Capitol Distributing is a grocery supplier/distributor to convenience stores across the Rocky Mountain West. The company sources, inventories, and delivers over 8,000 products to convenience store retailers. The company also provides services to its customers, including merchandising, laundry and technology solutions.