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.
Fact Sheet
A fact sheet for both the House and Senate bills (coming soon!)
Advocacy
House (COMING SOON)
OLD BILL: Sewell: H.R. 1321 (2021/2022)
Cosponsors from last Congress who are still in the House:
Jason Smith (R-MO08)
Scott Peters (D-CA50)
Jimmy Gomez (D-CA34)
Grace Napolitano (D-CA31)
Barbara Lee (D-CA12)
David Schweikert (R-AZ01)
Steve Womack (R-AR03)
Terri Sewell (D-AL07)
Tracey Mann (R-KS01)
María Salazar (R-FL27)
Linda Sánchez (D-CA38)
Tony Cárdenas (D-CA29)
David Valadao (R-CA22)