Expands the new markets tax credit to include certain rural counties and low-income communities with suppressed population densities due to federal.
The Norma Ruth Criswell Carpenter & Clovis C. Criswell Grant Parish Restoration Act of 2026 amends the Internal Revenue Code to expand the new markets tax credit. It modifies the rules for high migration rural counties and introduces a special tax credit for counties with significant federal land ownership. The bill also adjusts the population density threshold for low-income communities in counties where at least 30% of the land is federally owned, excluding military installations. The changes apply to investments made after December 31, 2025.
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