Montana Senators, Nonprofits Urge Support for New Markets Tax Credit Program

As talk of national tax reform efforts heats up at the federal level, the fate of a federal tax credit program that has played a crucial role in several large economic development projects in Missoula is up in the air.

The head of a local community development finance institution is even headed to Washington, D.C., to try to convince Congress that Montana has benefited greatly from the program.

Dave Glaser, president of the nonprofit Montana Idaho Community Development Corp. (MICDC) in Missoula, said that the New Markets Tax Credit Extension Act of 2017 is supported by both of Montana’s U.S. senators — Democrat Jon Tester and Republican Steve Daines — and is especially important for rural states.

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