Tax Credit Provisions in President Obama's FY 2014 Budget Proposal

    View Author April 2013

    On Wednesday, April 10, 2013, President Obama released his Administration’s proposed budget for federal fiscal year 2014. Among the included proposals are various changes to the New Market Tax Credit and Low-Income Housing Tax Credit programs, as well as the introduction of a new proposed Manufacturing Communities Tax Credit. We take a look at:

    • How the proposed budget will expand and modify the New Markets Tax Credit (NMTC)
    • The Administration’s proposed Manufacturing Communities Tax Credit (MCTC)
    • The proposed changes to the Low-Income Housing Tax Credit (LIHTC)