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HR 1103119th CongressIntroduced
New Markets Tax Credit Extension Act of 2025
Introduced: Oct 28, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
H.R. 1103, the New Markets Tax Credit Extension Act of 2025, mirrors the Senate version, permanently extending the credit, adding inflation adjustment, and providing AMT relief.
Key Points
- 1Extends credit to all calendar years after 2020.
- 2Inflation adjustment based on cost‑of‑living index, rounded to $1,000,000.
- 3Alternative minimum tax relief for qualified equity investments.
- 4Effective for taxable years beginning after December 31, 2024.
- 5Conforming amendments to related sections.
Impact Areas
Community development investorsTaxpayers claiming the creditIRS and tax professionals
Generated by openai/gpt-oss-20b:free on Nov 19, 2025