1. Short title This Act may be cited as the Inspiring Nationally Vibrant Economies Sustaining Tribes Act of 2020 or the INVEST Act . 2. Expansion of new markets tax credit (a) Low-Income community Paragraph (1) of section 45D(e) of the Internal Revenue Code of 1986 is amended to read as follows: (1) Definition (A) In general The term low-income community means— (i) any population census tract if— (I) the poverty rate for such tract is at least 20 percent, or (II) (aa) in the case of a tract not located within a metropolitan area, the median family income for such tract does not exceed 80 percent of statewide median family income, or (bb) in the case of a tract located within a metropolitan area, the median family income for such tract does not exceed 80 percent of the greater of statewide median family income or the metropolitan area median family income, (ii) any trust land (as defined at section 3765 of title 38, United States Code), (iii) any land within a township that encloses all or part of a Native village (as defined in section 3(c) of the Alaska Native Claims Settlement Act ( 43 U.S.C. 1602(c) ), or (iv) any land that is part or all of a Tribal designated statistical area associated with an Indian tribe as defined by the Census Bureau for the purposes of the most recent decennial census. (B) Median family income Subclause (II) of subparagraph (A)(i) shall be applied using possessionwide median family income in the case of census tracts located within a possession of the United States. . (b) Allocation of national limitation (1) In general Section 45D(f)(2) of the Internal Revenue Code of 1986 is amended by striking shall give priority to and all that follows and inserting shall— (A) give priority to any entity— (i) with a record of having successfully provided capital or technical assistance to disadvantaged businesses or communities or to Indian tribes or Native American communities, or (ii) which intends to satisfy the requirement under subsection (b)(1)(B) by making qualified low-income community