2021-2022 NMTC Legislation

Federal Legislation

Introduced Federal Legislation

H.R. 5376, Build Back Better - Committee Print 117-18
Nov. 3, 2021

Section-by-Section Summary

Comparison of Print 117-17 and 117-18

Rules Committee Build Back Better Page

JCX-45-21: Estimated Budget Effects of H.R. 5376, the "Build Back Better Act"

Title IV
Senate Amendments from Senate Banking, Housing & Urban Affairs Committee, Dec. 9, 2021

Title XII
Senate Amendments from Finance Committee, Dec. 11, 2021

H.R. 5376, Build Back Better - Committee Print 117-17
Oct. 28, 2021

Section-by-Section Summary

Build Back Better Framework

H.R. 5176, Local Food Production Enhancement Act of 2021
Introduced Sep. 3, 2021

S. 2511, Revitalizing Downtowns Act
Introduced July 28, 2021

S. 1671, Rural Jobs Act
Introduced May 18, 2021

Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act
Introduced April 20, 2021

S. 456, New Markets Tax Credit Extension Act of 2021
Introduced Feb. 25, 2021

State NMTC Programs

Enacted State Legislation

Nebraska L.B. 682, Change the New Markets Job Growth Investment Act
Enacted May 25, 2021

Mississippi H.B. 499, An Act To Amend Section 57-105-1, Mississippi Code Of 1972
Enacted March 17, 2021

Introduced State Legislation

Connecticut S.B. 1108, To establish a Connecticut new markets tax credit program for calendar years 2022 and 2023
Introduced April 14, 2021

Louisiana H.B. 454, Reduces the amount of certain income tax exclusions, exemptions, deductions, and credits
Introduced April 2, 2021

California A.B. 1572, Establishing California New Markets Tax Credit
Introduced March 4, 2021

Tennessee H.B.1218, New Markets Development Act
Introduced Feb. 11, 2021

Mississippi H.B. 499, An Act To Amend Section 57-105-1, Mississippi Code Of 1972
Introduced Jan. 18, 2021

Mississippi S.B. 2830, Extend MDA's ability to allocate NMTC by one year
Introduced Jan. 18, 2021