New Markets Tax Credit Extension Act of 2025

# New Markets Tax Credit Extension Act of 2025 - Summary **What the Bill Would Do** This bill would extend the New Markets Tax Credit (NMTC), a federal tax incentive program that encourages private investment in economically distressed communities. If passed, the bill would allow the program to continue operating beyond its current expiration date, enabling businesses and investors to receive tax credits when they invest in designated low-income areas that lack access to capital. **Who It Affects** The bill would benefit investors and businesses looking to invest in economically disadvantaged neighborhoods, as well as the communities themselves—including small businesses, startups, and development projects in these areas.

By keeping the program active, it helps these communities access funding that might otherwise be unavailable to them. **Current Status** As of now, the bill (S 479) is in committee, meaning it has been introduced but has not yet been debated or voted on by the full Senate. It was sponsored by Senator Steve Daines (R-MT).