Norma Ruth Criswell Carpenter & Clovis C. Criswell Grant Parish Restoration Act of 2026
Read twice and referred to the Committee on Finance.
Summary
The bill changes how the New Markets Tax Credit (NMTC) counts population in high‑migration rural areas by ignoring people in institutionalized group quarters. It also creates a special NMTC rule for counties where at least 30% of the land is federally owned, lowering the low‑income threshold from 20% to 15% while excluding military bases and tribal trust lands. These changes aim to make NMTC investments more accessible in communities whose populations are under‑counted because of uninhabited federal land.
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