Tag: U.S. Treasury Department

RELEASE: Blunt-backed new markets tax credit program awards $215 million in tax credits to St. Louis, Kansas City-based groups

WASHINGTON — U.S. Senator Roy Blunt (Mo.) today touted the U.S. Treasury Department’s announcement that four Missouri-based organizations have been selected to receive a total of $215 million in New Markets Tax Credit authority for 2017. The NMTC program provides a 39 percent federal tax credit for businesses or economic development projects in areas with poverty rates of at least 20 percent, or median incomes at or below 80 percent of the area median. “The […]