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118th Congress Taxation

H.R. 2539: New Markets Tax Credit Extension Act of 2023

Introduced

  1. Introduced (completed)Apr 6, 2023
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Apr 6, 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).

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

124

Bipartisan support.

Who scored on this bill

24 points earned
  1. 1Claudia Tenney R-NY SponsorDrew cross-party cosponsors, reached a cosponsor milestone, introduced5 events+24
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Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Claudia Tenney

History

  1. Apr 6, 2023Introduced in the House by Claudia Tenney.
Show the full action history (2 actions)
  1. Apr 6, 2023Introduced in House
  2. Apr 6, 2023Referred to the House Committee on Ways and Means.