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HR 8965 116th Congress House Taxation Business investment and capital Community life and organization Debt collection Economic development Income tax credits Tax administration and collection, taxpayers

New Markets Stabilization Act

Introduced: December 14, 2020 Introduced by: Sewell, Terri A. Democratic · Alabama See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 14, 2020
Referred to the House Committee on Ways and Means.
Dec 14, 2020
Introduced in House
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 Plain-English summary Congressional Research Service

New Markets Stabilization Act

This bill modifies provisions of the new markets tax credit (NMTC). Specifically, it increases and extends the NMTC limitation through 2022 and allows a carryback of the credit for five years. The bill also exempts the NMTC from the 75% general business credit limitation, revises debt modification rules for NMTC issuers and borrowers, and permanently exempts the NMTC from the alternative minimum tax.

What's happening now December 14, 2020

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 8965: New Markets Stabilization Act. 116th Congress. Open America. https://openamerica.io/bill/116-HR-8965/
MLA
"H.R. 8965: New Markets Stabilization Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-8965/.
Bluebook (legal)
H.R. 8965, 116th Cong. (2026), https://openamerica.io/bill/116-HR-8965/.
Markdown link
[H.R. 8965: New Markets Stabilization Act](https://openamerica.io/bill/116-HR-8965/)
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