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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).

Senate Actions

Committee
Apr. 16 2024	Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held.

IntroReferral
Feb. 02 2023	Read twice and referred to the Committee on Finance.

Library of Congress Actions

IntroReferral
Feb. 02 2023	Introduced in Senate

Senate bill S234-118

New Markets Tax Credit Extension Act of 2023

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