Legislation to Make the NMTC Permanent
The NMTC expires at the end of 2025. The bipartisan New Markets Tax Credit Extension Act of 2023 (S.234) was introduced in the Senate this February by Senators Cardin (D-MD) and Daines (R-MT) and H.R. 2539 was introduced in April by Reps. Tenney (R-NY) and Sewell (D-AL) Contact your Senators and Representatives and ask them to cosponsor S. 234/H.R. 2539.
The legislation would make the NMTC permanent, provide an inflation adjustment in out-years, and broaden the investor market by providing AMT relief to NMTC investors.
NMTC EXtension Act Fact Sheet
A fact sheet for House and Senate Extension Legislation
Advocacy
House
Tenney/Sewell: H.R. 2539
Earl Blumenauer (D-OR03)
Dwight Evans (D-PA03)
Donald Payne (D-NJ10)
Donald Beyer (D-VA08)
Don Bacon (R-NE02)
Dean Phillips (D-MN03)
David Joyce (R-OH14)
Danny Davis (D-IL07)
Dan Kildee (D-MI08)
Garret Graves (R-LA06)
Claudia Tenney (R-NY24)
Chris Smith (R-NJ04)
Chellie Pingree (D-ME01)
Carol Miller (R-WV01)
Brian Higgins (D-NY26)
Brian Fitzpatrick (R-PA01)
Brad Wenstrup (R-OH02)
Lloyd Smucker (R-PA11)
Marc Veasey (D-TX33)
Gwen Moore (D-WI04)
Hal Rogers (R-KY05)
Mark Pocan (D-WI02)
Josh Gottheimer (D-NJ05)
Michelle Fischbach (R-MN07)
Judy Chu (D-CA28)
Julia Letlow (R-LA05)
Mike Kelly (R-PA16)
Angie Craig (D-MN02)
Beth Van Duyne (R-TX24)
Betty McCollum (D-MN04)
Senate
Cardin/Daines: S. 234
Ben Cardin (D-MD)
Bill Cassidy (R-LA)
Bob Casey (D-PA)
Bob Menendez (D-NJ)
Chuck Schumer (D-NY)
Cindy Hyde-Smith (R-MS)
Jeanne Shaheen (D-NH)
Jerry Moran (R-KS)
Lindsey Graham (R-SC)
Maria Cantwell (D-WA)
Mark Warner (D-VA)
Marsha Blackburn (R-TN)
Roger Wicker (R-MS)
Steve Daines (R-MT)
Tim Scott (R-SC)