
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
Bill Johnson (R-OH06)
Blaine Luetkemeyer (R-MO03)
Robin Kelly (D-IL02)
Suzan DelBene (D-WA01)
Suzanne Bonamici (D-OR01)
Suzanne Lee (D-NV03)
Troy Balderson (R-OH12)
Warren Davidson (R-OH08)
Drew Ferguson (R-GA03)
Sanford Bishop (D-GA02)
Vern Buchanan (R-FL16)
Katherine Castor (D-FL14)
Neal Dunn (R-FL02)
Jim Costa (D-CA21)
Darin LaHood (R-IL16)
Mike Simpson (R-ID02)
Carlos Gimenez (R-FL28)
Mike Carey (R-OH15)
Frederica Wilson (D-FL24)
Greg Steube (R-FL17)
John Rutherford (R-FL05)
Eleanor Holmes Norton (D-DC00)
Jake LaTurner (R-KS02)
Jimmy Panetta (D-CA19)
Daniel Meuser (R-PA09)
Michael Waltz (R-FL06)
Michelle Steel (R-CA45)
Jimmy Gomez (D-CA34)
David Schweikert (R-AZ01)
Terri Sewell (D-AL07)
Senate
Cardin/Daines: S. 234
No cosponsors
No cosponsors