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.