New Markets Tax Credit Extension Act of 2023
USA118th CongressHR-2539| House
| Updated: 4/6/2023
Claudia Tenney
Republican Representative
New York
Cosponsors (124)
Dwight Evans (Democratic)David Schweikert (Republican)Nikema Williams (Democratic)David Kustoff (Republican)Elise M. Stefanik (Republican)Wiley Nickel (Democratic)Trent Kelly (Republican)Ruben Gallego (Democratic)Chris Pappas (Democratic)Marc A. Veasey (Democratic)Jake LaTurner (Republican)Barbara Lee (Democratic)Robin L. Kelly (Democratic)Alexander X. Mooney (Republican)Mark Pocan (Democratic)Abigail Davis Spanberger (Democratic)Steve Womack (Republican)Gabe Vasquez (Democratic)Brian Higgins (Democratic)Chrissy Houlahan (Democratic)Warren Davidson (Republican)Scott Franklin (Republican)Neal P. Dunn (Republican)Carlos A. Gimenez (Republican)Darin LaHood (Republican)Sanford D. Bishop (Democratic)Mike Ezell (Republican)Shontel M. Brown (Democratic)Greg Landsman (Democratic)David Scott (Democratic)Mike Carey (Republican)Brad R. Wenstrup (Republican)Beth Van Duyne (Republican)Frederica S. Wilson (Democratic)Terri A. Sewell (Democratic)Jimmy Panetta (Democratic)Suzan K. DelBene (Democratic)Scott H. Peters (Democratic)Jerry L. Carl (Republican)Andrea Salinas (Democratic)Angie Craig (Democratic)Donald M. Payne (Democratic)Donald G. Davis (Democratic)Earl L. "Buddy" Carter (Republican)Danny K. Davis (Democratic)Michael Waltz (Republican)Daniel T. Kildee (Democratic)Rudy Yakym (Republican)Maria Elvira Salazar (Republican)Lloyd Smucker (Republican)Ann M. Kuster (Democratic)Gus M. Bilirakis (Republican)Jasmine Crockett (Democratic)A. Drew Ferguson (Republican)Henry C. "Hank" Johnson (Democratic)Daniel Meuser (Republican)Don Bacon (Republican)André Carson (Democratic)Andy Barr (Republican)Mario Diaz-Balart (Republican)Christopher H. Smith (Republican)James R. Baird (Republican)Matt Cartwright (Democratic)David P. Joyce (Republican)Carol D. Miller (Republican)Joe Wilson (Republican)Jill N. Tokuda (Democratic)Joseph D. Morelle (Democratic)Ann Wagner (Republican)Mike Kelly (Republican)Mike D. Rogers (Republican)Dean Phillips (Democratic)Jahana Hayes (Democratic)Brad Finstad (Republican)Brittany Pettersen (Democratic)Nicholas A. Langworthy (Republican)Josh Harder (Democratic)W. Gregory Steube (Republican)John H. Rutherford (Republican)Laurel M. Lee (Republican)Kathy Castor (Democratic)Charles J. "Chuck" Fleischmann (Republican)Betty McCollum (Democratic)Eleanor Holmes Norton (Democratic)Blaine Luetkemeyer (Republican)Jim Costa (Democratic)Julia Letlow (Republican)Garret Graves (Republican)Donald S. Beyer (Democratic)Sam Graves (Republican)Mike Bost (Republican)Michael K. Simpson (Republican)David G. Valadao (Republican)James P. McGovern (Democratic)Michael R. Turner (Republican)Michelle Steel (Republican)Seth Magaziner (Democratic)Brian K. Fitzpatrick (Republican)Bennie G. Thompson (Democratic)Earl Blumenauer (Democratic)Max L. Miller (Republican)Randy Feenstra (Republican)Robert E. Latta (Republican)Bill Posey (Republican)Suzanne Bonamici (Democratic)Yadira Caraveo (Democratic)Josh Gottheimer (Democratic)Linda T. Sánchez (Democratic)Jason Crow (Democratic)Gwen Moore (Democratic)Jimmy Gomez (Democratic)Susie Lee (Democratic)Harold Rogers (Republican)Rashida Tlaib (Democratic)Tracey Mann (Republican)Bill Johnson (Republican)Michelle Fischbach (Republican)Troy Balderson (Republican)Chellie Pingree (Democratic)Bill Pascrell (Democratic)Grace F. Napolitano (Democratic)Michael Guest (Republican)Vern Buchanan (Republican)Judy Chu (Democratic)
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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).
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Latest Companion Bill Action
S 118-234Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held.
Taxation
New Markets Tax Credit Extension Act of 2023
USA118th CongressHR-2539| House
| Updated: 4/6/2023
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).
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Latest Companion Bill Action
S 118-234Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held.
Claudia Tenney
Republican Representative
New York
Cosponsors (124)
Dwight Evans (Democratic)David Schweikert (Republican)Nikema Williams (Democratic)David Kustoff (Republican)Elise M. Stefanik (Republican)Wiley Nickel (Democratic)Trent Kelly (Republican)Ruben Gallego (Democratic)Chris Pappas (Democratic)Marc A. Veasey (Democratic)Jake LaTurner (Republican)Barbara Lee (Democratic)Robin L. Kelly (Democratic)Alexander X. Mooney (Republican)Mark Pocan (Democratic)Abigail Davis Spanberger (Democratic)Steve Womack (Republican)Gabe Vasquez (Democratic)Brian Higgins (Democratic)Chrissy Houlahan (Democratic)Warren Davidson (Republican)Scott Franklin (Republican)Neal P. Dunn (Republican)Carlos A. Gimenez (Republican)Darin LaHood (Republican)Sanford D. Bishop (Democratic)Mike Ezell (Republican)Shontel M. Brown (Democratic)Greg Landsman (Democratic)David Scott (Democratic)Mike Carey (Republican)Brad R. Wenstrup (Republican)Beth Van Duyne (Republican)Frederica S. Wilson (Democratic)Terri A. Sewell (Democratic)Jimmy Panetta (Democratic)Suzan K. DelBene (Democratic)Scott H. Peters (Democratic)Jerry L. Carl (Republican)Andrea Salinas (Democratic)Angie Craig (Democratic)Donald M. Payne (Democratic)Donald G. Davis (Democratic)Earl L. "Buddy" Carter (Republican)Danny K. Davis (Democratic)Michael Waltz (Republican)Daniel T. Kildee (Democratic)Rudy Yakym (Republican)Maria Elvira Salazar (Republican)Lloyd Smucker (Republican)Ann M. Kuster (Democratic)Gus M. Bilirakis (Republican)Jasmine Crockett (Democratic)A. Drew Ferguson (Republican)Henry C. "Hank" Johnson (Democratic)Daniel Meuser (Republican)Don Bacon (Republican)André Carson (Democratic)Andy Barr (Republican)Mario Diaz-Balart (Republican)Christopher H. Smith (Republican)James R. Baird (Republican)Matt Cartwright (Democratic)David P. Joyce (Republican)Carol D. Miller (Republican)Joe Wilson (Republican)Jill N. Tokuda (Democratic)Joseph D. Morelle (Democratic)Ann Wagner (Republican)Mike Kelly (Republican)Mike D. Rogers (Republican)Dean Phillips (Democratic)Jahana Hayes (Democratic)Brad Finstad (Republican)Brittany Pettersen (Democratic)Nicholas A. Langworthy (Republican)Josh Harder (Democratic)W. Gregory Steube (Republican)John H. Rutherford (Republican)Laurel M. Lee (Republican)Kathy Castor (Democratic)Charles J. "Chuck" Fleischmann (Republican)Betty McCollum (Democratic)Eleanor Holmes Norton (Democratic)Blaine Luetkemeyer (Republican)Jim Costa (Democratic)Julia Letlow (Republican)Garret Graves (Republican)Donald S. Beyer (Democratic)Sam Graves (Republican)Mike Bost (Republican)Michael K. Simpson (Republican)David G. Valadao (Republican)James P. McGovern (Democratic)Michael R. Turner (Republican)Michelle Steel (Republican)Seth Magaziner (Democratic)Brian K. Fitzpatrick (Republican)Bennie G. Thompson (Democratic)Earl Blumenauer (Democratic)Max L. Miller (Republican)Randy Feenstra (Republican)Robert E. Latta (Republican)Bill Posey (Republican)Suzanne Bonamici (Democratic)Yadira Caraveo (Democratic)Josh Gottheimer (Democratic)Linda T. Sánchez (Democratic)Jason Crow (Democratic)Gwen Moore (Democratic)Jimmy Gomez (Democratic)Susie Lee (Democratic)Harold Rogers (Republican)Rashida Tlaib (Democratic)Tracey Mann (Republican)Bill Johnson (Republican)Michelle Fischbach (Republican)Troy Balderson (Republican)Chellie Pingree (Democratic)Bill Pascrell (Democratic)Grace F. Napolitano (Democratic)Michael Guest (Republican)Vern Buchanan (Republican)Judy Chu (Democratic)
Ways and Means Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted