H.R. 2539 · 118th Congress · 2023–2024
New Markets Tax Credit Extension Act of 2023
H.R. 2539 in the 118th Congress (2023–2024) was introduced on Apr 6, 2023, sponsored by Claudia Tenney with 124 co-sponsors.
During the 118th Congress (2023–2024), Joe Biden was president, and Republicans held the House majority and Democrats the Senate majority.
- Status
- Introduced
- Introduced
- Apr 6, 2023
- Co-sponsors
- 124
- Policy area
- Taxation
What it does
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).
Summary by the nonpartisan Congressional Research Service.
Sponsor
Claudia Tenney (R-NY). Co-sponsors: 61 Democrats, 63 Republicans.
Where it stands
- IntroducedApr 6, 2023
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Ways and Means. (Apr 6, 2023)
More bills from Claudia Tenney in the 118th Congress
Other Taxation bills in the 118th Congress
- H.R. 1432: VETT Act
- H.R. 5863: Federal Disaster Tax Relief Act of 2023
- H.R. 3797: Paperwork Burden Reduction Act
- H.R. 3801: Employer Reporting Improvement Act
- H.R. 190: Saving Gig Economy Taxpayers Act
- H.R. 329: American Workforce Empowerment Act
- H.R. 531: Educational Choice for Children Act
- S. 596: Military Spouse Hiring Act
- H.R. 700: Supply Chain Disruptions Relief Act
- H.R. 812: Inflation Reduction Act of 2023
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 2539 (118th Congress): New Markets Tax Credit Extension Act of…,” https://www.capitolreceipts.com/bill/118-hr-2539/new-markets-tax-credit-extension-act-of-2023 (accessed 2026-10-17).