Permanent Extension of NMTC Introduced in Senate, House

The New Markets Tax Credit (NMTC) Extension Act of 2019 was introduced in both the Senate (S.750) and House (H.R. 1680). The bill would permanently extend the NMTC and provide an annual inflation adjustment.

In the Senate, the bill is sponsored by Sen. Roy Blunt (R-MO) along with original cosponsors Minority Leader Chuck Schumer (D-NY) and Sens. Maria Cantwell (D-WA), Ben Cardin (D-MD), Rob Portman (R-OH) and Tim Scott (R-SC).

In the House, the bill is sponsored by Rep. Terri Sewell (D-AL) along with original cosponsors Reps. Earl Blumenauer (D-OR), Danny Davis (D-IL), Suzan DelBene (D-WA), Brian Higgins (D-NY), Mike Kelly (R-PA), Dan Kildee (D-MI), Ron Kind (D-WI), Darin LaHood (R-IL), John Larson (D-CT), Gwen Moore (D-WI), Bill Pascrell (D-NJ), Tom Reed (R-NY), Linda Sanchez (D-CA), Jason Smith (R-MO), Jackie Walorski (R-IN) and Brad Wenstrup (R-OH).