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HR 2539 118th Congress House Taxation

New Markets Tax Credit Extension Act of 2023

Introduced: May 17, 2023 Introduced by: Tenney, Claudia Republican · New York See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Apr 6, 2023
Referred to the House Committee on Ways and Means.
Apr 6, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

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).

What's happening now April 6, 2023

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • S 234 Identical bill New Markets Tax Credit Extension Act of 2023
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 5

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

 Cosponsors 121
All 121 Democratic 47 Republican 52
D
Pappas, Chris
New Hampshire · Dec 16, 2024
Spanberger, Abigail
· Dec 12, 2024
 D
Crockett, Jasmine
Texas · Nov 8, 2024
 R
Fleischmann, Charles J. "Chuck"
Tennessee · Oct 15, 2024
 D
Houlahan, Chrissy
Pennsylvania · Sep 25, 2024
 R
Lee, Laurel M.
Florida · Sep 6, 2024
Kuster, Ann
· Jun 27, 2024
 D
Brown, Shontel M.
Ohio · Jun 4, 2024
Cartwright, Matt
· Jun 4, 2024
 D
Pettersen, Brittany
Colorado · Jun 4, 2024
 D
Salinas, Andrea
Oregon · May 23, 2024
 D
Morelle, Joseph D.
New York · May 16, 2024
 D
Williams, Nikema
Georgia · May 16, 2024
 D
Hayes, Jahana
Connecticut · May 10, 2024
 D
Crow, Jason
Colorado · Apr 29, 2024
 D
Davis, Donald G.
North Carolina · Apr 29, 2024
 D
McGovern, James P.
Massachusetts · Apr 29, 2024
 D
Thompson, Bennie G.
Mississippi · Apr 29, 2024
 D
Carson, André
Indiana · Apr 15, 2024
 D
Landsman, Greg
Ohio · Apr 11, 2024
Lee, Barbara
· Apr 11, 2024
Napolitano, Grace
· Apr 11, 2024
 D
Gallego, Ruben
Arizona · Apr 10, 2024
 D
Peters, Scott H.
California · Apr 10, 2024
 D
Johnson, Henry C. "Hank"
Georgia · Jan 30, 2024
 R
Kelly, Trent
Mississippi · Jan 30, 2024
 R
Kustoff, David
Tennessee · Jan 30, 2024
Nickel, Wiley
· Jan 30, 2024
 R
Stefanik, Elise M.
New York · Jan 30, 2024
 R
Carter, Earl L. "Buddy"
Georgia · Dec 22, 2023
Pascrell, Bill
· Dec 22, 2023
 D
Magaziner, Seth
Rhode Island · Dec 12, 2023
 R
Rogers, Mike D.
Alabama · Dec 12, 2023
Caraveo, Yadira
· Nov 29, 2023
 R
Ezell, Mike
Mississippi · Nov 14, 2023
 R
Feenstra, Randy
Iowa · Oct 12, 2023
 R
Latta, Robert E.
Ohio · Oct 12, 2023
 D
Tlaib, Rashida
Michigan · Oct 12, 2023
 D
Tokuda, Jill N.
Hawaii · Oct 12, 2023
 R
Womack, Steve
Arkansas · Oct 12, 2023
 R
Baird, James R.
Indiana · Sep 21, 2023
 R
Franklin, Scott
Florida · Sep 21, 2023
Posey, Bill
· Sep 21, 2023
 D
Vasquez, Gabe
New Mexico · Sep 21, 2023
 R
Wagner, Ann
Missouri · Sep 21, 2023
 R
Wilson, Joe
South Carolina · Sep 21, 2023
 R
Dunn, Neal P.
Florida · Aug 22, 2023
 D
Gottheimer, Josh
New Jersey · Aug 22, 2023
 R
Langworthy, Nicholas A.
New York · Aug 22, 2023
 D
Lee, Susie
Nevada · Aug 22, 2023
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Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2539: New Markets Tax Credit Extension Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-2539/
MLA
"H.R. 2539: New Markets Tax Credit Extension Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-2539/.
Bluebook (legal)
H.R. 2539, 118th Cong. (2026), https://openamerica.io/bill/118-HR-2539/.
Markdown link
[H.R. 2539: New Markets Tax Credit Extension Act of 2023](https://openamerica.io/bill/118-HR-2539/)
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