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 we expect introduction soon in the House. Contact your Senators and ask them to cosponsor S. 234.
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.
House (COMING SOON)
OLD BILL: Sewell: H.R. 1321 (2021/2022)
Cosponsors from last Congress who are still in the House:
Michael Guest (R-MS03)
Joe Morelle (D-NY25)
Josh Gottheimer (D-NJ05)
Mike Turner (R-OH10)
Alex Mooney (R-WV02)
Joyce Beatty (D-OH03)
Judy Chu (D-CA28)
Mike Bost (R-IL12)
Julia Letlow (R-LA05)
Mike Gallagher (R-WI08)
André Carson (D-IN07)
Mike Kelly (R-PA16)
Angie Craig (D-MN02)
Ann Kuster (D-NH02)
Ann Wagner (R-MO02)
Raja Krishnamoorthi (D-IL08)
Beth Van Duyne (R-TX24)
Betty McCollum (D-MN04)
Bill Foster (D-IL11)
Bill Johnson (R-OH06)
Bill Pascrell (D-NJ09)
Blaine Luetkemeyer (R-MO03)
Bob Latta (R-OH05)
Robin Kelly (D-IL02)
Sam Graves (R-MO06)
Seth Moulton (D-MA06)
Steven Horsford (D-NV04)
Suzan DelBene (D-WA01)
Suzanne Bonamici (D-OR01)
Troy Balderson (R-OH12)