New Markets Tax Credit Extension Act of 2025
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 26
- Latest action
- Feb 6, 2025
What it does
The bill would permanently extend the New Markets Tax Credit beyond its current expiration, allowing it to apply for calendar year 2020 and each year thereafter, rather than only through 2025. It also adjusts the credit amount annually for inflation starting after 2025, using a cost-of-living adjustment tied to the year 2000 base, with increases rounded to the nearest $1 million. Additionally, it provides alternative minimum tax relief by allowing the credit to be used against the AMT for qualified equity investments made after December 31, 2024. The changes generally apply to taxable years beginning after December 31, 2024.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.