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
Michelle Fischbach (R-MN07)
Julia Letlow (R-LA05)
André Carson (D-IN07)
Mike Kelly (R-PA16)
Angie Craig (D-MN02)
Ann Kuster (D-NH02)
Ann Wagner (R-MO02)
Randy Feenstra (R-IA04)
Bennie Thompson (D-MS02)
Beth Van Duyne (R-TX24)
Betty McCollum (D-MN04)
Rashida Tlaib (D-MI12)
Blaine Luetkemeyer (R-MO03)
Bob Latta (R-OH05)
Robin Kelly (D-IL02)
Suzan DelBene (D-WA01)
Suzanne Bonamici (D-OR01)
Suzanne Lee (D-NV03)
Trent Kelly (R-MS01)
Troy Balderson (R-OH12)
Warren Davidson (R-OH08)
Hank Johnson (D-GA04)
Drew Ferguson (R-GA03)
Sanford Bishop (D-GA02)
Buddy Carter (R-GA01)
Vern Buchanan (R-FL16)
Katherine Castor (D-FL14)
Neal Dunn (R-FL02)
Jim Costa (D-CA21)
Darin LaHood (R-IL16)
Senate
Cardin/Daines: S. 234
No cosponsors
No cosponsors