HOUSE 1098115th CongressASSUMING FIRST SPONSORSHIP - Mr. Reed asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 1098, a bill originally introduced by Representative Tiberi, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.
New Markets Tax Credit Extension Act of 2017
- Last Action
- 1/30/2018
Actions
- 2018-01-30ASSUMING FIRST SPONSORSHIP - Mr. Reed asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 1098, a bill originally introduced by Representative Tiberi, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.
- 2017-02-15Referred to the House Committee on Ways and Means.
- 2017-02-15Introduced in House
- 2017-02-15Introduced in House
CRS Summary
As of 2017-02-15 (00)
New Markets Tax Credit Extension Act of 2017
This bill amends the Internal Revenue Code to: (1) make permanent the new markets tax credit, (2) provide for an inflation adjustment to the limitation amount for such credit after 2016, and (3) allow an offset against the alternative minimum tax for such credit (determined with respect to qualified equity investments initially made after 2016).
Cosponsors (20)
- RICHARD NEAL (D-MA)
- Tom Reed (R-NY)
- Mike Kelly (R-PA)
- Patrick Meehan (R-PA)
- David McKinley (R-WV)
- RON KIND (D-WI)
- Brian Higgins (D-NY)
- Jason Smith (R-MO)
- Erik Paulsen (R-MN)
- EARL BLUMENAUER (D-OR)
- DANNY DAVIS (D-IL)
- MIKE THOMPSON (D-CA)
- WILLIAM PASCRELL (D-NJ)
- Terri Sewell (D-AL)
- JOHN LARSON (D-CT)
- Linda Sánchez (D-CA)
- Michael Turner (R-OH)
- David Joyce (R-OH)
- Bill Johnson (R-OH)
- Steve Stivers (R-OH)
Subjects
- Business investment and capital
- Economic development
- Financial services and investments
- Income tax credits
- Inflation and prices
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.