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.