New Markets Tax Credit Extension Act of 2023

United States118th CongressHR-2539House of Representatives
Updated: Apr 6, 2023

Summary

New Markets Tax Credit Extension Act of 2023 This bill makes the new markets tax credit permanent. It also modifies the credit to (1) provide for an inflation adjustment to the limitation amount for the credit after 2023, and (2) allow an offset against the alternative minimum tax for the credit (determined with respect to qualified equity investments initially made after 2022).

Bill texts

Available versions
Introduced (House)View official text

1 version available

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Timeline

Latest companion bill action

S-234: New Markets Tax Credit Extension Act of 2023

Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held.

  1. Referred to the House Committee on Ways and Means.

    House of Representatives

  2. Introduced in House

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