House Plans Deeper Analysis of Tax Extenders Including New Markets Tax Credit and Passage of HR 2655; President of NDC Urges House to Extend Tax Credits

Congressman Pat Tiberi (R-OH), Chairman of the House Ways and Means Committee Subcommittee on Select Revenue Measures held a hearing on June 8, 2012, to evaluate the framework that Congress should use to assess whether to extend certain tax provisions that either expired in 2011 or will expire in 2012, including New Market Tax Credits (NMTC) and the Low-income Housing Tax Credit (LIHTC). This follows on the heels of an April 26, 2012, Subcommittee hearing on proposals related to tax extenders. While the June 8 hearing is intended to focus on the principles of good tax policy that Congress should apply during this evaluation, and the specific metrics against which Congress should test the merits of particular provisions, individual provisions, like NMTC, may be discussed for the purpose of illustrating how to use such principles and metrics.

Times Union


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