SENATE 234118th CongressSubmitted in the Senate, considered, and agreed to without amendment and with a preamble by Unanimous Consent. (consideration: CR S1959; text: CR S1902)
A resolution designating May 2023 as "Older Americans Month".
- Last Action
- 6/1/2023
Actions
- 2024-04-16Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held. With printed Hearing: S.Hrg. 118-555.
- 2023-02-02Read twice and referred to the Committee on Finance.
- 2023-02-02Introduced in Senate
CRS Summary
As of 2023-02-02 (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)
- Steve Daines (R-MT)
- Maria Cantwell (D-WA)
- Tim Scott (R-SC)
- Charles Schumer (D-NY)
- Bill Cassidy (R-LA)
- Robert Menendez (D-NJ)
- Marsha Blackburn (R-TN)
- Jeanne Shaheen (D-NH)
- Mark Warner (D-VA)
- Roger Wicker (R-MS)
- Cindy Hyde-Smith (R-MS)
- Amy Klobuchar (D-MN)
- John Boozman (R-AR)
- Peter Welch (D-VT)
- Jerry Moran (R-KS)
- Bob Casey (D-PA)
- Lindsey Graham (R-SC)
- Deb Fischer (R-NE)
- Kyrsten Sinema (I-AZ)
- Mark Kelly (D-AZ)
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.