To amend the Internal Revenue Code of 1986 to permanently extend the new markets tax credit, and for other purposes.
Summary
What This Bill Does
The bill creates short title This Act may be cited as the New Markets Tax Credit Extension Act of 2023 and creates permanent extension of new markets tax credit Subparagraph (H) of section 45D(f)(1) of the Internal Revenue Code of 1986 is amended by striking for each of calendar years 2020 through 2025 and inserting calendar. It relies on tax credits, definition changes, and compliance mandates. The main policy areas are Regulated Industries.
Who Benefits and How
Regulated entities and members of the public affected by the bill could gain revenue opportunities and Public beneficiaries or protected communities affected by the clause could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties.
Key Provisions
- Creates short title This Act may be cited as the New Markets Tax Credit Extension Act of 2023.
- Creates permanent extension of new markets tax credit Subparagraph (H) of section 45D(f)(1) of the Internal Revenue Code of 1986 is amended by striking for each of calendar years 2020 through 2025 and inserting calendar...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates short title This Act may be cited as the New Markets Tax Credit Extension Act of 2023 and creates permanent extension of new markets tax credit Subparagraph (H) of section 45D(f)(1) of the Internal Revenue Code of 1986 is amended by striking for each of calendar years 2020 through 2025 and inserting calendar.
Key Policy Areas
Regulated Industries
Primary Purpose
The bill creates short title This Act may be cited as the New Markets Tax Credit Extension Act of 2023 and creates permanent extension of new markets tax credit Subparagraph (H) of section 45D(f)(1) of the Internal Revenue Code of 1986 is amended by striking for each of calendar years 2020 through 2025 and inserting calendar.
Policy Domains
Whole bill
Identified Gains
- Regulated entities and members of the public affected by the bill
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
Sponsors
Legislative Progress
IntroducedMs. Tenney (for herself, Mr. Kelly of Pennsylvania, Ms. Sewell, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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