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Makes New Markets Tax Credit Permanent

Recent Bills/Makes New Markets Tax Credit Permanent

Makes New Markets Tax Credit Permanent

IntroducedN/A

Introduced1 year ago

Intro

Senate

House

Pres

Read twice and referred to the Committee on Finance.

More:Recently Introduced Bills Economy Senate Bills

Why This Matters

This bill makes the New Markets Tax Credit a permanent program, allowing it to provide tax benefits for investments in low-income communities.

If you invest in low-income communities, this bill ensures you can benefit from the New Markets Tax Credit starting in 2025.

Who this affects

investors · businesses

What changes is this bill making?

1This bill allows the New Markets Tax Credit to continue indefinitely beyond 2025.
2It adjusts the tax credit amount for inflation each year starting in 2026.
3The bill provides relief from the alternative minimum tax for certain investments.
4Investors can benefit from tax credits for qualified equity investments made after 2024.

Last changed 25 days ago · checked hourly

Bill Progress1 of 4

Bills must pass the House, Senate, and be signed by the President to become law.

Intro

Senate

House

Pres

IntroducedCurrentJan 16, 2025

Read twice and referred to the Committee on Finance.

Sponsors

See all 13 sponsors

Senate

House

President

The President

Similar Bills

House Bill · HR 1103

1 of 4 · Introduced

New Markets Tax Credit Extension Act of 2025

House Bill · HR 399

1 of 4 · Introduced

To permanently extend the American Samoa economic development tax credit.

House Bill · HR 2292

1 of 4 · Introduced

Tax Breaks for Distressed Areas

Economic Opportunity for Distressed Communities Act