Missouri-Based Groups Receive $290 Million from Blunt-Backed New Markets Tax Credit Program
November 01, 2022
November 01, 2022
WASHINGTON, Nov. 1 -- Sen. Roy Blunt, R-Missouri, issued the following news release on Oct. 31, 2022:
U.S. Senator Roy Blunt (Mo.) today commended the U.S. Treasury Department's announcement that six Missouri-based organizations have been selected to receive a total of $290 million in New Markets Tax Credit (NMTC) allocations. 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 perc . . .
U.S. Senator Roy Blunt (Mo.) today commended the U.S. Treasury Department's announcement that six Missouri-based organizations have been selected to receive a total of $290 million in New Markets Tax Credit (NMTC) allocations. 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 perc . . .