HOUSE 1680116th CongressReferred to the House Committee on Ways and Means.
New Markets Tax Credit Extension Act of 2019
- Last Action
- 3/12/2019
Actions
- 2019-03-12Referred to the House Committee on Ways and Means.
- 2019-03-12Introduced in House
- 2019-03-12Introduced in House
CRS Summary
As of 2019-03-12 (00)
New Markets Tax Credit Extension Act of 2019
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 2018, and (2) allow an offset against the alternative minimum tax for the credit (determined with respect to qualified equity investments initially made after 2018).
Cosponsors (20)
- Tom Reed (R-NY)
- WILLIAM PASCRELL (D-NJ)
- Suzan DelBene (D-WA)
- Daniel Kildee (D-MI)
- EARL BLUMENAUER (D-OR)
- Gwen Moore (D-WI)
- Brian Higgins (D-NY)
- JOHN LARSON (D-CT)
- DANNY DAVIS (D-IL)
- RON KIND (D-WI)
- Linda Sánchez (D-CA)
- Jackie Walorski (R-IN)
- Mike Kelly (R-PA)
- Jason Smith (R-MO)
- Darin LaHood (R-IL)
- Brad Wenstrup (R-OH)
- Jimmy Gomez (D-CA)
- George Holding (R-NC)
- John Rutherford (R-FL)
- David Joyce (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).
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