New Markets Tax Credit Extension Act of 2023

United States118th CongressS-234Senate
Updated: Apr 16, 2024

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 (Senate)View official text

1 version available

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Timeline

Latest companion bill action

HR-2539: New Markets Tax Credit Extension Act of 2023

Introduced in House

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Finance.

    Senate

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

    Senate

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