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119-s-4584119th CongressWALLET
Norma Ruth Criswell Carpenter & Clovis C. Criswell Grant Parish Restoration Act of 2026
Sponsored By: Senator Cassidy, Bill [R-LA]
Introduced
Summary
This bill would broaden New Markets Tax Credit eligibility to let more rural counties with large federal land holdings attract private investment. It targets places where federal land ownership and institutionalized populations currently limit which tracts qualify.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
More New Markets credit for rural investors
This bill would change rules for the New Markets Tax Credit so more rural counties and projects could qualify. It would exclude people in institutionalized group quarters from the high‑migration rural county count. That exclusion would apply to investments made after the date of enactment. It would also let tracts in counties with at least 30% federally owned land on Dec 31, 2025 qualify using a 15% low‑income threshold instead of 20%. Land on military installations and federal land held in trust for Native Americans would not count toward the 30% test. The 15% rule would apply to investments made after Dec 31, 2025.
Sponsors & CoSponsors
Sponsor
Cassidy, Bill [R-LA]
LA • R
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov