Bill · H.R. 1103· House(119-HR-1103)

New Markets Tax Credit Extension Act of 2025

Age: 65 years

New York

Introduced: 2/6/2025
Last activity: 2/6/2025 — Referred to the House Committee on Ways and Means.
Sponsored by: Claudia Tenney
Cosponsors: - 25 - 29

Taxation

Introduced
In Committee

What this bill would do

This bill, titled the "New Markets Tax Credit Extension Act of 2025," aims to amend the Internal Revenue Code of 1986. The primary goal is to permanently extend the new markets tax credit beyond its previous expiration date. It modifies how the credit is applied to ensure it continues for each calendar year after 2025. Additionally, the bill introduces an inflation adjustment mechanism for the credit. It also provides specific relief regarding the alternative minimum tax for certain investments.

Yes· 3 of 11

Does this cut taxes for small businesses?+5
The bill extends the New Markets Tax Credit, which provides investment incentives for businesses in low-income communities.
Does this cut the tax on profits from selling investments?+5
The bill provides relief from the alternative minimum tax for qualified equity investments related to the new markets tax credit.
Does this make it easier to run a small business?+5
The extension of the tax credit provides a permanent mechanism to attract capital into business environments in distressed communities.