New Markets Tax Credit Extension Act of 2025
Latest action · Feb 6, 2025 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedFeb 6, 2025
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Cosponsors 54
Members who signed on, in the order they did. Signatures ran from Feb 6, 2025 to Dec 17, 2025; 23 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-TX | Beth Van Duyne | Original | Feb 6, 2025 |
| R-PA | Brian K. Fitzpatrick | Original | Feb 6, 2025 |
| R-WV | Carol D. Miller | Original | Feb 6, 2025 |
| D-IL | Danny K. Davis | Original | Feb 6, 2025 |
| R-IL | Darin LaHood | Original | Feb 6, 2025 |
| D-VA | Donald S. Beyer, Jr. | Original | Feb 6, 2025 |
| D-WI | Gwen Moore | Original | Feb 6, 2025 |
| D-CA | Jimmy Gomez | Original | Feb 6, 2025 |
| D-CA | Jimmy Panetta | Original | Feb 6, 2025 |
| D-CA | Judy Chu | Original | Feb 6, 2025 |
| D-CA | Linda T. Sánchez | Original | Feb 6, 2025 |
| R-PA | Lloyd Smucker | Original | Feb 6, 2025 |
| R-OH | Max L. Miller | Original | Feb 6, 2025 |
| R-MN | Michelle Fischbach | Original | Feb 6, 2025 |
| R-OH | Mike Carey | Original | Feb 6, 2025 |
| R-PA | Mike Kelly | Original | Feb 6, 2025 |
| R-TX | Nathaniel Moran | Original | Feb 6, 2025 |
| R-IA | Randy Feenstra | Original | Feb 6, 2025 |
| R-IN | Rudy Yakym III | Original | Feb 6, 2025 |
| D-WA | Suzan K. DelBene | Original | Feb 6, 2025 |
| D-AL | Terri A. Sewell | Original | Feb 6, 2025 |
| R-FL | Vern Buchanan | Original | Feb 6, 2025 |
| R-FL | W. Gregory Steube | Original | Feb 6, 2025 |
| D-ME | Chellie Pingree | Feb 12, 2025 | |
| R-TN | David Kustoff | Feb 21, 2025 | |
| R-FL | Mario Diaz-Balart | Mar 3, 2025 | |
| D-GA | Sanford D. Bishop, Jr. | Mar 3, 2025 | |
| R-MN | Brad Finstad | Mar 4, 2025 | |
| R-NE | Don Bacon | Mar 4, 2025 | |
| R-TX | Lance Gooden | Mar 5, 2025 | |
| D-NY | Joseph D. Morelle | Mar 6, 2025 | |
| D-NC | Donald G. Davis | Mar 10, 2025 | |
| R-KS | Tracey Mann | Mar 10, 2025 | |
| D-PA | Chrissy Houlahan | Mar 21, 2025 | |
| R-WI | Derrick Van Orden | Mar 25, 2025 | |
| D-MN | Betty McCollum | Mar 31, 2025 | |
| D-NY | Daniel S. Goldman | Apr 1, 2025 | |
| D-IN | Frank J. Mrvan | Apr 1, 2025 | |
| D-CO | Joe Neguse | Apr 1, 2025 | |
| R-NY | Elise M. Stefanik | Apr 7, 2025 | |
| D-NH | Chris Pappas | May 5, 2025 | |
| D-NJ | Herbert C. Conaway, Jr. | May 7, 2025 | |
| D-CO | Jason Crow | May 13, 2025 | |
| R-KY | Harold Rogers | May 15, 2025 | |
| D-CT | John B. Larson | May 15, 2025 | |
| D-MN | Ilhan Omar | May 29, 2025 | |
| D-VA | Eugene Simon Vindman | Jun 3, 2025 | |
| R-OH | Michael R. Turner | Jun 17, 2025 | |
| R-MI | Jack Bergman | Jun 24, 2025 | |
| D-OH | Emilia Strong Sykes | Jul 14, 2025 | |
| D-NH | Maggie Goodlander | Aug 5, 2025 | |
| D-OH | Shontel M. Brown | Sep 23, 2025 | |
| D-RI | Seth Magaziner | Oct 21, 2025 | |
| D-NM | Gabe Vasquez | Dec 17, 2025 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Feb 6, 2025 |
Actions 2
Everything that happened, newest first.
- Feb 6, 2025Introduced in House
- Feb 6, 2025Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 171, no. 25, February 6, 2025, page H557.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 479 | New Markets Tax Credit Extension Act of 2025 | Identical bill | Feb 6, 2025 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to permanently extend the new markets tax credit, and for other purposes.
- Short Title(s) as Introduced
- New Markets Tax Credit Extension Act of 2025
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Feb 6, 2025Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
