Norma Ruth Criswell Carpenter & Clovis C. Criswell Grant Parish Restoration Act of 2026
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill creates short title This Act may be cited as the Norma Ruth Criswell Carpenter & Clovis C. Criswell Grant Parish Restoration Act of 2026, creates modification of rules for high migration rural counties under new markets tax credit Section 45D(e)(5)(B) of the Internal Revenue Code of 1986 is amended by inserting, determined without regard to individuals, and creates special new markets tax credit rule for counties in which the Federal government owns a large portion of land Section 45D(e) of the Internal Revenue Code of 1986 is amended by adding at the end the following new. It relies on tax credits, compliance mandates, grants, and definition changes. The main policy areas are Tribal Affairs, Agriculture, and Civil Rights.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk, Regulated entities and members of the public affected by the bill could gain revenue opportunities, and Agricultural producers and rural communities affected by the bill could gain revenue opportunities.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Tribal governments and members affected by the bill would take on compliance duties.
Key Provisions
- Creates short title This Act may be cited as the Norma Ruth Criswell Carpenter & Clovis C. Criswell Grant Parish Restoration Act of 2026.
- Creates modification of rules for high migration rural counties under new markets tax credit Section 45D(e)(5)(B) of the Internal Revenue Code of 1986 is amended by inserting, determined without regard to individuals...
- Creates special new markets tax credit rule for counties in which the Federal government owns a large portion of land Section 45D(e) of the Internal Revenue Code of 1986 is amended by adding at the end the following new...
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 Norma Ruth Criswell Carpenter & Clovis C. Criswell Grant Parish Restoration Act of 2026, creates modification of rules for high migration rural counties under new markets tax credit Section 45D(e)(5)(B) of the Internal Revenue Code of 1986 is amended by inserting, determined without regard to individuals, and creates special new markets tax credit rule for counties in which the Federal government owns a large portion of land Section 45D(e) of the Internal Revenue Code of 1986 is amended by adding at the end the following new.
Key Policy Areas
Tribal Affairs, Agriculture, Civil Rights
Primary Purpose
The bill creates short title This Act may be cited as the Norma Ruth Criswell Carpenter & Clovis C. Criswell Grant Parish Restoration Act of 2026, creates modification of rules for high migration rural counties under new markets tax credit Section 45D(e)(5)(B) of the Internal Revenue Code of 1986 is amended by inserting, determined without regard to individuals, and creates special new markets tax credit rule for counties in which the Federal government owns a large portion of land Section 45D(e) of the Internal Revenue Code of 1986 is amended by adding at the end the following new.
Policy Domains
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
- Regulated entities and members of the public affected by the bill
- Agricultural producers and rural communities affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Tribal governments and members affected by the bill
Sponsors
Legislative Progress
In CommitteeRead twice and referred to the Committee on Finance.
Introduced in Senate
Mr. Cassidy introduced the following bill; which was read twice …
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?
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