# 119-s-479: New Markets Tax Credit Extension Act of 2025

119-s-479, New Markets Tax Credit Extension Act of 2025, is a 119th Congress bill sponsored by Sen. Daines, Steve [R-MT] (R-MT); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-s-479
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-479
- Congress: 119
- Title: New Markets Tax Credit Extension Act of 2025
- Status: introduced
- Introduced: 2025-02-06
- Sponsor: Sen. Daines, Steve [R-MT] (R-MT)
- Cosponsors: 25
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Permanently extends the New Markets Tax Credit** to keep the program available after 2025. It would also add an inflation adjustment for credit amounts after 2025 and provide limited alternative minimum tax relief for credits tied to new qualified equity investments made after December 31, 2024. - Community developers and low-income areas: would keep access to NMTC financing beyond 2025, and future credit values would rise with an inflation adjustment for calendar years after 2025. - Investors who make qualified equity investments after December 31, 2024: would get AMT relief specifically for the 45D credits tied to those new investments. - Taxpayers and tax planners: the general changes apply to taxable years beginning after December 31, 2024, and the inflation adjustment uses the bill’s cost-of-living formula with a specified base-year substitution.

## Cosponsors (25)

- Sen. Warner, Mark R. [D-VA] (D-VA), 2025-02-06T00:00:00.000Z
- Sen. Boozman, John [R-AR] (R-AR), 2025-02-06T00:00:00.000Z
- Sen. Welch, Peter [D-VT] (D-VT), 2025-02-06T00:00:00.000Z
- Sen. Cassidy, Bill [R-LA] (R-LA), 2025-02-06T00:00:00.000Z
- Sen. Schumer, Charles E. [D-NY] (D-NY), 2025-02-06T00:00:00.000Z
- Sen. Hyde-Smith, Cindy [R-MS] (R-MS), 2025-02-06T00:00:00.000Z
- Sen. Shaheen, Jeanne [D-NH] (D-NH), 2025-02-06T00:00:00.000Z
- Sen. Ricketts, Pete [R-NE] (R-NE), 2025-02-06T00:00:00.000Z
- Sen. Klobuchar, Amy [D-MN] (D-MN), 2025-02-06T00:00:00.000Z
- Sen. Moran, Jerry [R-KS] (R-KS), 2025-02-06T00:00:00.000Z
- Sen. Cantwell, Maria [D-WA] (D-WA), 2025-02-06T00:00:00.000Z
- Sen. Wicker, Roger F. [R-MS] (R-MS), 2025-02-06T00:00:00.000Z
- Sen. Hickenlooper, John W. [D-CO] (D-CO), 2025-02-06T00:00:00.000Z
- Sen. Blackburn, Marsha [R-TN] (R-TN), 2025-02-06T00:00:00.000Z
- Sen. Booker, Cory A. [D-NJ] (D-NJ), 2025-02-06T00:00:00.000Z
- Sen. Sheehy, Tim [R-MT] (R-MT), 2025-02-10T00:00:00.000Z
- Sen. Kelly, Mark [D-AZ] (D-AZ), 2025-02-10T00:00:00.000Z
- Sen. Hoeven, John [R-ND] (R-ND), 2025-02-24T00:00:00.000Z
- Sen. Van Hollen, Chris [D-MD] (D-MD), 2025-02-24T00:00:00.000Z
- Sen. Scott, Tim [R-SC] (R-SC), 2025-04-29T00:00:00.000Z
- Sen. Peters, Gary C. [D-MI] (D-MI), 2025-04-29T00:00:00.000Z
- Sen. Rosen, Jacky [D-NV] (D-NV), 2025-05-13T00:00:00.000Z
- Sen. Capito, Shelley Moore [R-WV] (R-WV), 2025-05-13T00:00:00.000Z
- Sen. Britt, Katie Boyd [R-AL] (R-AL), 2025-06-03T00:00:00.000Z
- Sen. Hassan, Margaret Wood [D-NH] (D-NH), 2025-06-03T00:00:00.000Z

## Provisions PRIA read

- AMT relief for New Markets investors: benefit, high. If enacted, the bill would let investors use New Markets Tax Credits to reduce Alternative Minimum Tax, but only for credits tied to qualified equity investments initially made after December 31, 2024. This change would not change the dollar amount of the credit itself. It simply allows certain lat…
- Permanent New Markets tax credit: benefit, high. If enacted, the bill would make the New Markets Tax Credit allocation authority continue after 2025 by allowing allocations for calendar year 2020 and each calendar year thereafter. It would also require that the dollar amount used for annual allocations be increased for calendar years beginning af…

## Related bills

- 119-s-2296: National Defense Authorization Act for Fiscal Year 2026
- 119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former United States Senator for the State of Kansas.
- 119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewellyn Kyl, former Senator for the State of Arizona.
- 119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham, a Senator from the State of South Carolina.
- 119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former Senator for the State of Michigan.
- 119-sres-739: A resolution honoring the life and legacy of John Seymour, the late Senator for the State of California.

## Sources
- [119-s-479 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/479)

## Related
- [119-s-2296: National Defense Authorization Act for Fiscal Year 2026](https://policyrisk.com/legislation/119-s-2296)
- [119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former Uni…](https://policyrisk.com/legislation/119-sres-913)
- [119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewel…](https://policyrisk.com/legislation/119-sres-897)
- [119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham,…](https://policyrisk.com/legislation/119-sres-801)
- [119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former S…](https://policyrisk.com/legislation/119-sres-755)
- [119-sres-739: A resolution honoring the life and legacy of John Seymour, the late Senator for…](https://policyrisk.com/legislation/119-sres-739)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-479 (as of 2025-12-21).