HR 2539
118th Congress
House
Taxation
New Markets Tax Credit Extension Act of 2023
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
Plain-English summary
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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1