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:
Warren Davidson (R-OH08)
Hank Johnson (D-GA04)
Drew Ferguson (R-GA03)
Sanford Bishop (D-GA02)
Mario Diaz-Balart (R-FL26)
Vern Buchanan (R-FL16)
Katherine Castor (D-FL14)
Gus Bilirakis (R-FL12)
Neal Dunn (R-FL02)
John Larson (D-CT01)
Jim Costa (D-CA21)
Rick Crawford (R-AR01)
Jerry Carl (R-AL01)
Darin LaHood (R-IL16)
Mike Simpson (R-ID02)
David Scott (D-GA13)
Mike Carey (R-OH15)
Carlos Gimenez (R-FL28)
Frederica Wilson (D-FL24)
Brian Mast (R-FL21)
Kweisi Mfume (D-MD07)
Scott Franklin (R-FL18)
Greg Steube (R-FL17)
Bill Posey (R-FL08)
John Rutherford (R-FL05)
Eleanor Holmes Norton (D-DC00)
Jake LaTurner (R-KS02)
Daniel Meuser (R-PA09)
Jimmy Panetta (D-CA19)
Michael Waltz (R-FL06)