New Markets Tax Credit Extension Act of 2025

The bill would permanently extend the New Markets Tax Credit beyond its current expiration, allowing it to apply to calendar year 2020 and each year thereafter, and would adjust the credit amount annually for inflation starting after 2025. It also provides alternative minimum tax relief by ensuring the credit is not disallowed under the AMT for qualified equity investments made after December 31, 2024. These changes would affect investors and businesses utilizing the New Markets Tax Credit for community development investments, with the amendments generally applying to taxable years beginning after 2024.

No official summary is available here. This one was written by AI from the bill’s text.