What is the current status of HR 1103?

HR 1103 is currently: Introduced.

Who sponsored HR 1103?

HR 1103 was sponsored by Claudia Tenney (R), Rep.

New Markets Tax Credit Extension

IntroducedFebruary 6, 2025

Introduced1 year ago

Intro

House

Senate

Pres

Referred to the House Committee on Ways and Means.

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.

Who this affects

Investors · Businesses

What changes is this bill making?

1This bill would permanently extend the New Markets Tax Credit beyond 2025.
2It would adjust the credit amount for inflation starting in 2026.
3The bill would provide relief from the alternative minimum tax for certain investments.
4It aims to encourage investment in low-income communities.
5The changes would apply to taxable years starting after December 31, 2024.

Last changed 25 days ago · checked hourly

New Markets Tax Credit Extension

IntroducedFebruary 6, 2025

Introduced1 year ago

Intro

House

Senate

Pres

Referred to the House Committee on Ways and Means.

Why This Matters

If you invest in low-income areas, you could receive tax credits that help your business grow.

Who this affects

Investors · Businesses

What changes is this bill making?

1This bill would permanently extend the New Markets Tax Credit beyond 2025.
2It would adjust the credit amount for inflation starting in 2026.
3The bill would provide relief from the alternative minimum tax for certain investments.
4It aims to encourage investment in low-income communities.
5The changes would apply to taxable years starting after December 31, 2024.

Last changed 25 days ago · checked hourly