HOUSE 1321117th CongressReferred to the House Committee on Ways and Means.
New Markets Tax Credit Extension Act of 2021
- Last Action
- 2/25/2021
Actions
- 2021-02-25Referred to the House Committee on Ways and Means.
- 2021-02-25Introduced in House
- 2021-02-25Introduced in House
CRS Summary
As of 2021-02-25 (00)
New Markets Tax Credit Extension Act of 2021
This bill makes the new markets tax credit permanent. It also modifies the credit to (1) provide for an inflation adjustment to the limitation amount for the credit after 2021, and (2) allow an offset against the alternative minimum tax for the credit (determined with respect to qualified equity investments initially made after 2020).
Cosponsors (20)
- Tom Reed (R-NY)
- JOHN LARSON (D-CT)
- EARL BLUMENAUER (D-OR)
- WILLIAM PASCRELL (D-NJ)
- DANNY DAVIS (D-IL)
- Linda Sánchez (D-CA)
- Brian Higgins (D-NY)
- Suzan DelBene (D-WA)
- Gwen Moore (D-WI)
- Daniel Kildee (D-MI)
- Donald Beyer (D-VA)
- Dwight Evans (D-PA)
- Jimmy Panetta (D-CA)
- Vern Buchanan (R-FL)
- Mike Kelly (R-PA)
- Jason Smith (R-MO)
- Tom Rice (R-SC)
- David Schweikert (R-AZ)
- Jackie Walorski (R-IN)
- Darin LaHood (R-IL)
Sourced from Congress.gov (public domain).
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