NMTC Extension Bills

2020 Extension Campaign: The New Markets Tax Credit Extension Act (H.R. 1680 and S. 750)

The New Markets Tax Credit, one of our most effective tools for community revitalization, expires at the end of 2020. Join the effort to extend the NMTC, preserving billions for manufacturing expansions, community health centers, and other important projects in America’s hardest hit communities by building support for the New Markets Tax Credit Extension Act which would make the NMTC permanent and increase the allocation amount.

Urge Congress to Extend the New Markets Tax Credit

Ask your members of Congress to cosponsor bipartisan NMTC extension legislation introduced the House (H.R. 1680) and Senate (S. 750).

Fact Sheet on the bills

Download our joint fact sheet with information on both bills

H.R. 1680 (Sewell/Reed)

On Tuesday, March 12, 2019, Reps. Terri Sewell (D-AL) and Tom Reed (R-NY) introduced the NMTC Extension Act of 2019 along with 15 of their colleagues, all on the Ways and Means Committee.

To cosponsor, House offices should contact Evan Giesemann ([email protected]) with Sewell or Drew Wayne ([email protected]) with Reed.

S. 750 (Blunt/Cardin)

Senators Roy Blunt (R-MO) and Ben Cardin (D-MD) introduced the New Markets Tax Credit Extension Act of 2019. Senators Blunt and Cardin were joined by four original cosponsors.

To cosponsor, Senate offices should contact Stefanie Dearie ([email protected]) with Senator Blunt or Ron Storhaug ([email protected]) with Cardin.

H.R. 1680 Cosponsors

S. 750 Cosponsors