The NMTC and CDFI programs may be among what gets defunded in the new administration's FY2018 budget proposal. Other energy-related tax provisions like the PTC and ITC are also threatened.
The NMTC program may be among what gets defunded by the new administration. The tax credit program did win some stability in 2015 through a bipartisan vote of support and a reauthorization for five years instead of the previous pattern of one- or two-years.