Davis Amendment on New Markets Tax Credit

Summary of D. Davis (IL), Sewell (AL), Lewis (GA), and Thompson (CA) Amendment to

Rules Committee Print 115-39,

H.R. 1, Tax Cuts and Jobs Act

This amendment reinstates and makes permanent the New Market Tax Credit to incentivize private sector investment and job creation in economically-distressed communities, increasing the national credit limitation to $5 billion and providing for an inflation adjustment.