HR 1103 · 119th Congress

New Markets Tax Credit Extension Act of 2025

This bill makes the New Markets Tax Credit permanent instead of letting it expire. The New Markets Tax Credit is a tax break that encourages investors to put money into businesses and projects in low-income communities that might otherwise struggle to get funding. Right now, this tax credit was set to end after 2025…

Sponsor

Tenney, Claudia (R-New York)

Introduced

2025-02-06

Policy area

Taxation

Latest action

Referred to the House Committee on Ways and Means.