Sept. 23, 2025: The $10B NMTC Round: Momentum Builds, Questions Remain

With the new markets tax credit (NMTC) made permanent in the One Big Beautiful Bill Act (OBBBA) and a record-breaking $10 billion allocation round nearing, these are heady times in the NMTC world. But administrative actions and the threat of a government shutdown have also led to trepidation. In this episode of the Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac partner Brad Elphick, CPA, discuss the latest updates regarding the NMTC, the potential impacts of a shutdown and future legislation, as well as the recent successes of the Novogradac NMTC Working Group.