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New report finds apprenticeships increasing for WA; TN nursing shortage slated to continue amid federal education changes; NC college students made away of on-campus resources to fight food insecurity; DOJ will miss deadline to release all Epstein files; new program provides glasses to visually impaired Virginians; Line 5 pipeline fight continues in Midwest states; and NY Gov. Kathy Hochul agrees to sign medical aid in dying bill in early 2026.

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Legal fights over free speech, federal power, and public accountability take center stage as courts, campuses and communities confront the reach of government authority.

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States are waiting to hear how much money they'll get from the Rural Health Transformation Program, the DHS is incentivizing local law enforcement to join the federal immigration crackdown and Texas is creating its own Appalachian Trail.

Advocates Want New Markets Tax Credit to Be Permanent

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Monday, July 3, 2023   

Advocates want to extend the New Markets Tax Credit, which has aided several Colorado developments.

This tax credit incentivizes community development and economic growth by attracting private investors to distressed communities.

In Colorado, this tax credit has led to the development of numerous projects, such as the Urban Peak Youth Shelter and the Tepeyac Community Health Center.

This year, lawmakers are seeking to make the tax credit permanent, rather than have it exist on a series of multi-year extensions.

Chris Huang, senior director of the Action Opportunity Fund's New Markets Tax Credits Program, described some challenges this lack of permanence poses.

"Because the program is not permanent this causes a lot of challenges," said Huang. "Now, I mean if you can imagine trying to run a business - but then not knowing if the program that you're in or the type of industry that you're in is only kind of there for five years or something."

In Congress, lawmakers introduced the New Markets Tax Credit Extension Act, which has a swath of bipartisan support.

Huang noted the challenge to passing it will be competing priorities, noting how the recent debt ceiling increase took precedence. The bill has been referred to its respective committees in the House and the Senate.

Huang said the tax credit has had many positive impacts, such as creating more than one million jobs across the U.S.

He described what comes next if the latest bill to establish permanency isn't passed.

"We're going to do what we can to continue to push out as much of this New Markets Tax Credit financing to communities that need it," said Huang, "and to organization, nonprofits who are providing critically needed services to communities that need it the most. "

Advocates will also be working to ensure the tax credit is made permanent.

If the latest bill isn't passed, they'll be seeking a shorter term extension to ensure the developments made through the New Markets Tax Credit don't end when the latest extension expires in 2025.




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