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Permanent Tax Credits for New Market Investments

This act permanently extends the New Markets Tax Credit, aiming to boost economic development in low-income areas. Businesses investing in these regions will benefit from long-term tax advantages, potentially leading to job creation and local community growth.
Key points
The New Markets Tax Credit is made permanent, removing the need for periodic extensions.
The credit amount will be adjusted annually for inflation, preserving its real value over time.
Relief from alternative minimum tax rules for these credits, making investments more attractive.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_479
Sponsor: Sen. Daines, Steve [R-MT]
Process start date: 2025-02-06
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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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_S_479.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

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 is made permanent, removing the need for periodic extensions.
  • The credit amount will be adjusted annually for inflation, preserving its real value over time.
  • Relief from alternative minimum tax rules for these credits, making investments more attractive.
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 Sen. Daines, Steve [R-MT].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Taxes Economy Public Investments