HOUSE 2539118th CongressReferred to the House Committee on Ways and Means.
New Markets Tax Credit Extension Act of 2023
- Last Action
- 4/6/2023
Actions
- 2023-04-06Referred to the House Committee on Ways and Means.
- 2023-04-06Introduced in House
- 2023-04-06Introduced in House
CRS Summary
As of 2023-04-06 (00)
New Markets Tax Credit Extension Act of 2023
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 2023, and (2) allow an offset against the alternative minimum tax for the credit (determined with respect to qualified equity investments initially made after 2022).
Cosponsors (20)
- Mike Kelly (R-PA)
- Terri Sewell (D-AL)
- DANNY DAVIS (D-IL)
- Carol Miller (R-WV)
- A. Ferguson (R-GA)
- Brian Fitzpatrick (R-PA)
- David Schweikert (R-AZ)
- Lloyd Smucker (R-PA)
- Brad Wenstrup (R-OH)
- Darin LaHood (R-IL)
- Rudy Yakym (R-IN)
- W. Steube (R-FL)
- Mike Carey (R-OH)
- Vern Buchanan (R-FL)
- Beth Van Duyne (R-TX)
- EARL BLUMENAUER (D-OR)
- Linda Sánchez (D-CA)
- Brian Higgins (D-NY)
- Suzan DelBene (D-WA)
- Judy Chu (D-CA)
Sourced from Congress.gov (public domain).
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