New Markets Tax Credit Extension
Official: New Markets Tax Credit Extension Act of 2025
IntroducedFebruary 6, 2025
Why This Matters
This bill extends a tax credit that helps attract investments to struggling communities and adjusts it for inflation. It aims to support economic growth in these areas by making the credit available indefinitely.
If you invest in low-income areas, you could receive tax credits that help your business grow.
Affects: Investors and businesses looking to invest in low-income communities will benefit from this bill.
What changes is this bill making?
1. This bill would permanently extend the New Markets Tax Credit beyond 2025. 2. It would adjust the credit amount for inflation starting in 2026. 3. The bill would provide relief from the alternative minimum tax for certain investments. 4. It aims to encourage investment in low-income communities. 5. The changes would apply to taxable years starting after December 31, 2024.
Who is affected?
Investors and businesses looking to invest in low-income communities will benefit from this bill.