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2023-2024 NMTC Legislation

Federal Legislation

Introduced Federal Legislation

S. 2963, Community Development Investment Tax Credit Act of 2023
Introduced Sept. 28, 2023

S. 1455, Rural Jobs Act
Introduced May 4, 2023

S. 234, New Markets Tax Credit Extension Act of 2023
Introduced Feb. 2, 2023

State Legislation

Enacted State Legislation

Louisiana S.B. 151, Provides relative to the Louisiana New Markets Jobs Act
Enacted June 27, 2023

Nevada S.B. 240, AN ACT relating to economic development 
Enacted June 15, 2023

Illinois S.B. 1963, An Act Concerning Revenue
Enacted June 7, 2023

Florida H.B. 5, Providing for a type two transfer of the duties and functions of Enterprise Florida, Inc., to the Department of Commerce
Enacted May 31, 2023

Introduced State Legislation

Mississippi S.B. 3070, Income tax and insurance premium tax; authorize a credit for certain investments in qualified community development entities
Introduced March 20, 2024

Louisiana H.B. 510, Provides relative to tax credits and equity investments allocated pursuant to the La. New Markets Jobs Act
Introduced March 31, 2023

Nevada S.B. 240, Revises provisions relating to the Nevada New Markets Jobs Act
Introduced March 9, 2023

Minnesota H.B. 1528, New markets tax credit proposed, administration of credit provided, and disclosure of information allowed
Introduced Feb. 9, 2023

Indiana H.B. 1455, New Markets Tax Credit
Introduced Jan. 17, 2023

West Virginia S.B. 95, West Virginia New Markets Jobs Act
Introduced Jan. 11, 2023

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