H.R. 2539 · 118th Congress · House

New Markets Tax Credit Extension Act of 2023

Active· Referred to the House Committee on Ways and Means.
Introduced
Apr 6, 23
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive 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).

Action Timeline

3
  1. APR 06, 2023IntroReferral

    Introduced in House

  2. APR 06, 2023IntroReferral

    Introduced in House

  3. APR 06, 2023IntroReferral

    Referred to the House Committee on Ways and Means.

Committees

1

Ways and Means Committee

hswm00

Referred: Apr 6, 2023

Active