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S. 456: New Markets Tax Credit Extension Act of 2021

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A bill to amend the Internal Revenue Code of 1986 to permanently extend the new markets tax credit, and for other purposes.

The bill’s titles are written by its sponsor.

Sponsor and status

Benjamin Cardin

Sponsor. Senior Senator for Maryland. Democrat.

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Last Updated: Feb 25, 2021
Length: 3 pages
Feb 25, 2021
117th Congress (2021–2023)

Introduced on Feb 25, 2021

This bill is in the first stage of the legislative process. It was introduced into Congress on February 25, 2021. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.

Other activity may have occurred on another bill with identical or similar provisions.


23 Cosponsors (12 Democrats, 11 Republicans)

3% chance of being enacted according to Skopos Labs (details)

Position statements

What legislators are saying

Cardin, Blunt Urge Permanent Reauthorization for Tax Credit that has Promoted Growth in Underserved Communities
    — Sen. Benjamin Cardin [D-MD] (Sponsor) on Feb 25, 2021

In Akron, Portman Visits the Akron Canton Regional Food Bank, Sees Firsthand How New Market Tax Credits Extension Act Funding Have Helped Expand Its Services With New Stark County Campus
    — Sen. Robert “Rob” Portman [R-OH] (Co-sponsor) on Jul 30, 2022

Robs Rundown: Week of July 25 July 29, 2022
    — Sen. Robert “Rob” Portman [R-OH] (Co-sponsor) on Jul 30, 2022

More statements at ProPublica Represent...


Feb 25, 2021

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

If this bill has further action, the following steps may occur next:
Passed Committee

Passed Senate

Passed House

Signed by the President

S. 456 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number S. 456. This is the one from the 117th Congress.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“S. 456 — 117th Congress: New Markets Tax Credit Extension Act of 2021.” 2021. August 11, 2022 <>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from, the official portal of the United States Congress. is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.