New Markets Tax Credit Extension Act of 2025
Sponsored By: Representative Tenney
Introduced
Summary
Permanently extends the New Markets Tax Credit while adding an inflation adjustment and narrowing which investments get Alternative Minimum Tax relief.
Show full summary
- Community development investors: The bill would remove the NMTC sunset so the credit applies from 2020 onward and would add an inflation adjustment for allocations after 2025.
- Low-income communities: Keeps a federal tax incentive that attracts private capital to businesses and projects in economically distressed areas.
- Taxpayers and AMT: The bill would limit Alternative Minimum Tax relief so only credits tied to qualified equity investments initially made after December 31, 2024 qualify for that AMT treatment.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
AMT relief for NMTC investors
If enacted, New Markets Tax Credits tied to qualified equity investments made after December 31, 2024 would count for AMT relief. That could lower the Alternative Minimum Tax for eligible investors claiming those credits. This applies only to credits for investments initially made after that date.
Permanent New Markets Tax Credit with inflation
This bill would make the New Markets Tax Credit permanent. After calendar year 2025, the yearly allocation amount would rise with inflation using the standard cost-of-living adjustment (with year 2000 as the base). Each annual increase would be rounded to the nearest $1,000,000. The amendments would apply for taxable years beginning after December 31, 2024, and would affect investors, community development entities, and businesses in low‑income areas.
Sponsors & CoSponsors
Sponsor
Tenney
NY • R
Cosponsors
Kelly (PA)
PA • R
Sponsored 2/6/2025
Sewell
AL • D
Sponsored 2/6/2025
Davis (IL)
IL • D
Sponsored 2/6/2025
Moore (WI)
WI • D
Sponsored 2/6/2025
Van Duyne
TX • R
Sponsored 2/6/2025
Sanchez
CA • D
Sponsored 2/6/2025
Miller (WV)
WV • R
Sponsored 2/6/2025
DelBene
WA • D
Sponsored 2/6/2025
Buchanan
FL • R
Sponsored 2/6/2025
LaHood
IL • R
Sponsored 2/6/2025
Gomez
CA • D
Sponsored 2/6/2025
Beyer
VA • D
Sponsored 2/6/2025
Panetta
CA • D
Sponsored 2/6/2025
Yakym
IN • R
Sponsored 2/6/2025
Miller (OH)
OH • R
Sponsored 2/6/2025
Chu
CA • D
Sponsored 2/6/2025
Feenstra
IA • R
Sponsored 2/6/2025
Carey
OH • R
Sponsored 2/6/2025
Smucker
PA • R
Sponsored 2/6/2025
Fitzpatrick
PA • R
Sponsored 2/6/2025
Steube
FL • R
Sponsored 2/6/2025
Moran
TX • R
Sponsored 2/6/2025
Fischbach
MN • R
Sponsored 2/6/2025
Pingree
ME • D
Sponsored 2/12/2025
Kustoff
TN • R
Sponsored 2/21/2025
Diaz-Balart
FL • R
Sponsored 3/3/2025
Bishop
GA • D
Sponsored 3/3/2025
Finstad
MN • R
Sponsored 3/4/2025
Bacon
NE • R
Sponsored 3/4/2025
Gooden
TX • R
Sponsored 3/5/2025
Morelle
NY • D
Sponsored 3/6/2025
Davis (NC)
NC • D
Sponsored 3/10/2025
Mann
KS • R
Sponsored 3/10/2025
Houlahan
PA • D
Sponsored 3/21/2025
Van Orden
WI • R
Sponsored 3/25/2025
McCollum
MN • D
Sponsored 3/31/2025
Mrvan
IN • D
Sponsored 4/1/2025
Goldman (NY)
NY • D
Sponsored 4/1/2025
Neguse
CO • D
Sponsored 4/1/2025
Stefanik
NY • R
Sponsored 4/7/2025
Pappas
NH • D
Sponsored 5/5/2025
Conaway
NJ • D
Sponsored 5/7/2025
Crow
CO • D
Sponsored 5/13/2025
Rogers (KY)
KY • R
Sponsored 5/15/2025
Larson (CT)
CT • D
Sponsored 5/15/2025
Omar
MN • D
Sponsored 5/29/2025
Vindman
VA • D
Sponsored 6/3/2025
Turner (OH)
OH • R
Sponsored 6/17/2025
Bergman
MI • R
Sponsored 6/24/2025
Sykes
OH • D
Sponsored 7/14/2025
Goodlander
NH • D
Sponsored 8/5/2025
Brown
OH • D
Sponsored 9/23/2025
Magaziner
RI • D
Sponsored 10/21/2025
Vasquez
NM • D
Sponsored 12/17/2025
Roll Call Votes
No roll call votes available for this bill.
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