The New Markets Tax Credit Extension Act of 2011 was introduced on July 26, 2011 by Pennsylvania Congressman Jim Gerlach along with five co-sponsors.

The New Markets Tax Credit Extension Act of 2011 would extend the New Markets Tax Credit (NMTC) program for five years with $5 billion in annual credit allocation authority. It also includes an Alternative Minimum Tax (AMT) provision that would provide relief for NMTC investments and put the NMTC on par with other tax credit programs that currently provide AMT relief.

Rep. Gerlach has circulated a letter to Members of Congress asking them to sign on as co-sponsors of the NMTC extender bill. Contact your state's representatives today and ask them to join the bill as a co-sponsor. To join, representatives should contact Lori Prater with Rep. Gerlach (lori.prater@mail.house.gov, 202-225-4315) or Kara Getz with Rep. Neal (kara.getz@mail.house.gov, 202-225-0547).

Please see the link below to sign a letter in support of Senate Bill 996 / House Bill 2655, the New Markets Tax Credit Extension Act of 2011.

http://org2.democracyinaction.org/o/5172/p/dia/action/public/?action_KEY=7066

For more information on the extension campaign, please visit the NMTC Coalition's website nmtccoaltion.org.