House bill HR2539-118

Ways and Means Committee

New Markets Tax Credit Extension Act of 2023

• Last activity on Apr 06, 2023

• Introduced Apr 06, 2023

• By Rep. Tenney, Claudia [R-NY-24]

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Main Subject: Taxation

New Markets Tax Credit Extension Act of 2023

This bill makes the new markets tax credit permanent. It also modifies the credit to (1) provide for an inflation adjustment to the limitation amount for the credit after 2023, and (2) allow an offset against the alternative minimum tax for the credit (determined with respect to qualified equity investments initially made after 2022).

House floor actions Actions

IntroReferral
Apr. 06 2023	Referred to the House Committee on Ways and Means.

Library of Congress Actions

IntroReferral
Apr. 06 2023	Introduced in House Introduced in House

House bill HR2539-118

New Markets Tax Credit Extension Act of 2023

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