New Markets Tax Credit Extension Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 479 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 479 To amend the Internal Revenue Code of 1986 to permanently extend the new markets tax credit, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES February 6 (legislative day, February 5), 2025 Mr. Daines (for himself, Mr. Warner, Mr. Boozman, Mr. Welch, Mr. Cassidy, Mr. Schumer, Mrs. Hyde-Smith, Mrs. Shaheen, Mr. Ricketts, Ms. Klobuchar, Mr. Moran, Ms. Cantwell, Mr. Wicker, Mr. Hickenlooper, Mrs. Blackburn, and Mr. Booker) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to permanently extend the new markets tax credit, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``New Markets Tax Credit Extension Act of 2025''. SEC. 2. PERMANENT EXTENSION …