# 119-hr-1103: New Markets Tax Credit Extension Act of 2025

119-hr-1103, New Markets Tax Credit Extension Act of 2025, is a 119th Congress bill sponsored by Rep. Tenney, Claudia [R-NY-24] (R-NY); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-1103
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-1103
- Congress: 119
- Title: New Markets Tax Credit Extension Act of 2025
- Status: introduced
- Introduced: 2025-02-06
- Sponsor: Rep. Tenney, Claudia [R-NY-24] (R-NY)
- Cosponsors: 54
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Permanently extends the New Markets Tax Credit** while adding an inflation adjustment and narrowing which investments get Alternative Minimum Tax relief. - 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.

## Cosponsors (54)

- Rep. Kelly, Mike [R-PA-16] (R-PA), 2025-02-06T00:00:00.000Z
- Rep. Sewell, Terri A. [D-AL-7] (D-AL), 2025-02-06T00:00:00.000Z
- Rep. Davis, Danny K. [D-IL-7] (D-IL), 2025-02-06T00:00:00.000Z
- Rep. Moore, Gwen [D-WI-4] (D-WI), 2025-02-06T00:00:00.000Z
- Rep. Van Duyne, Beth [R-TX-24] (R-TX), 2025-02-06T00:00:00.000Z
- Rep. Sánchez, Linda T. [D-CA-38] (D-CA), 2025-02-06T00:00:00.000Z
- Rep. Miller, Carol D. [R-WV-1] (R-WV), 2025-02-06T00:00:00.000Z
- Rep. DelBene, Suzan K. [D-WA-1] (D-WA), 2025-02-06T00:00:00.000Z
- Rep. Buchanan, Vern [R-FL-16] (R-FL), 2025-02-06T00:00:00.000Z
- Rep. LaHood, Darin [R-IL-16] (R-IL), 2025-02-06T00:00:00.000Z
- Rep. Gomez, Jimmy [D-CA-34] (D-CA), 2025-02-06T00:00:00.000Z
- Rep. Beyer, Donald S. [D-VA-8] (D-VA), 2025-02-06T00:00:00.000Z
- Rep. Panetta, Jimmy [D-CA-19] (D-CA), 2025-02-06T00:00:00.000Z
- Rep. Yakym, Rudy [R-IN-2] (R-IN), 2025-02-06T00:00:00.000Z
- Rep. Miller, Max L. [R-OH-7] (R-OH), 2025-02-06T00:00:00.000Z
- Rep. Chu, Judy [D-CA-28] (D-CA), 2025-02-06T00:00:00.000Z
- Rep. Feenstra, Randy [R-IA-4] (R-IA), 2025-02-06T00:00:00.000Z
- Rep. Carey, Mike [R-OH-15] (R-OH), 2025-02-06T00:00:00.000Z
- Rep. Smucker, Lloyd [R-PA-11] (R-PA), 2025-02-06T00:00:00.000Z
- Rep. Fitzpatrick, Brian K. [R-PA-1] (R-PA), 2025-02-06T00:00:00.000Z
- Rep. Steube, W. Gregory [R-FL-17] (R-FL), 2025-02-06T00:00:00.000Z
- Rep. Moran, Nathaniel [R-TX-1] (R-TX), 2025-02-06T00:00:00.000Z
- Rep. Fischbach, Michelle [R-MN-7] (R-MN), 2025-02-06T00:00:00.000Z
- Rep. Pingree, Chellie [D-ME-1] (D-ME), 2025-02-12T00:00:00.000Z
- Rep. Kustoff, David [R-TN-8] (R-TN), 2025-02-21T00:00:00.000Z
- Rep. Diaz-Balart, Mario [R-FL-26] (R-FL), 2025-03-03T00:00:00.000Z
- Rep. Bishop, Sanford D. [D-GA-2] (D-GA), 2025-03-03T00:00:00.000Z
- Rep. Finstad, Brad [R-MN-1] (R-MN), 2025-03-04T00:00:00.000Z
- Rep. Bacon, Don [R-NE-2] (R-NE), 2025-03-04T00:00:00.000Z
- Rep. Gooden, Lance [R-TX-5] (R-TX), 2025-03-05T00:00:00.000Z
- Rep. Morelle, Joseph D. [D-NY-25] (D-NY), 2025-03-06T00:00:00.000Z
- Rep. Davis, Donald G. [D-NC-1] (D-NC), 2025-03-10T00:00:00.000Z
- Rep. Mann, Tracey [R-KS-1] (R-KS), 2025-03-10T00:00:00.000Z
- Rep. Houlahan, Chrissy [D-PA-6] (D-PA), 2025-03-21T00:00:00.000Z
- Rep. Van Orden, Derrick [R-WI-3] (R-WI), 2025-03-25T00:00:00.000Z
- Rep. McCollum, Betty [D-MN-4] (D-MN), 2025-03-31T00:00:00.000Z
- Rep. Mrvan, Frank J. [D-IN-1] (D-IN), 2025-04-01T00:00:00.000Z
- Rep. Goldman, Daniel S. [D-NY-10] (D-NY), 2025-04-01T00:00:00.000Z
- Rep. Neguse, Joe [D-CO-2] (D-CO), 2025-04-01T00:00:00.000Z
- Rep. Stefanik, Elise M. [R-NY-21] (R-NY), 2025-04-07T00:00:00.000Z
- Rep. Pappas, Chris [D-NH-1] (D-NH), 2025-05-05T00:00:00.000Z
- Rep. Conaway, Herbert C. [D-NJ-3] (D-NJ), 2025-05-07T00:00:00.000Z
- Rep. Crow, Jason [D-CO-6] (D-CO), 2025-05-13T00:00:00.000Z
- Rep. Rogers, Harold [R-KY-5] (R-KY), 2025-05-15T00:00:00.000Z
- Rep. Larson, John B. [D-CT-1] (D-CT), 2025-05-15T00:00:00.000Z
- Rep. Omar, Ilhan [D-MN-5] (D-MN), 2025-05-29T00:00:00.000Z
- Rep. Vindman, Eugene Simon [D-VA-7] (D-VA), 2025-06-03T00:00:00.000Z
- Rep. Turner, Michael R. [R-OH-10] (R-OH), 2025-06-17T00:00:00.000Z
- Rep. Bergman, Jack [R-MI-1] (R-MI), 2025-06-24T00:00:00.000Z
- Rep. Sykes, Emilia Strong [D-OH-13] (D-OH), 2025-07-14T00:00:00.000Z
- Rep. Goodlander, Maggie [D-NH-2] (D-NH), 2025-08-05T00:00:00.000Z
- Rep. Brown, Shontel M. [D-OH-11] (D-OH), 2025-09-23T00:00:00.000Z
- Rep. Magaziner, Seth [D-RI-2] (D-RI), 2025-10-21T00:00:00.000Z
- Rep. Vasquez, Gabe [D-NM-2] (D-NM), 2025-12-17T00:00:00.000Z

## Provisions PRIA read

- AMT relief for NMTC investors: benefit, high. 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: benefit, high. 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 woul…

## Related bills

- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025
- 119-hr-2102: Major Richard Star Act
- 119-hr-909: Crime Victims Fund Stabilization Act of 2025
- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-979: AM Radio for Every Vehicle Act of 2025

## Sources
- [119-hr-1103 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/1103)

## Related
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-hr-3514)
- [119-hr-2102: Major Richard Star Act](https://policyrisk.com/legislation/119-hr-2102)
- [119-hr-909: Crime Victims Fund Stabilization Act of 2025](https://policyrisk.com/legislation/119-hr-909)
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-979: AM Radio for Every Vehicle Act of 2025](https://policyrisk.com/legislation/119-hr-979)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-1103 (as of 2026-04-21).