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Permanent Tax Credits for New Market Investments

This bill aims to permanently extend the New Markets Tax Credit, which can support economic development in less affluent areas. This means businesses investing in these regions can rely on ongoing tax benefits, potentially leading to new job creation and improved infrastructure. Additionally, the credit will be adjusted for inflation, and changes related to the alternative minimum tax have been introduced.
Key points
The New Markets Tax Credit becomes permanent, rather than requiring periodic extensions.
The credit amount will be automatically adjusted for inflation, preserving its value over time.
Changes are introduced to the alternative minimum tax rules, potentially affecting some businesses' tax calculations.
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Status: Introduced
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Additional Information
Print number: 119_HR_1103
Sponsor: Rep. Tenney, Claudia [R-NY-24]
Process start date: 2025-02-06
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

New Markets Tax Credit Extension Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1103.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-02-06.

What are the main provisions?

Key points include:

  • The New Markets Tax Credit becomes permanent, rather than requiring periodic extensions.
  • The credit amount will be automatically adjusted for inflation, preserving its value over time.
  • Changes are introduced to the alternative minimum tax rules, potentially affecting some businesses' tax calculations.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Tenney, Claudia [R-NY-24].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Economy Public Investments