SENATE 384115th CongressRead twice and referred to the Committee on Finance.
New Markets Tax Credit Extension Act of 2017
- Last Action
- 2/15/2017
Actions
- 2017-02-15Read twice and referred to the Committee on Finance.
- 2017-02-15Introduced in Senate
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)
- Ben Cardin (D-MD)
- Charles Schumer (D-NY)
- Kirsten Gillibrand (D-NY)
- Thad Cochran (R-MS)
- Roger Wicker (R-MS)
- Rob Portman (R-OH)
- Debbie Stabenow (D-MI)
- Sherrod Brown (D-OH)
- Shelley Capito (R-WV)
- Maria Cantwell (D-WA)
- Steve Daines (R-MT)
- John Boozman (R-AR)
- Tina Smith (D-MN)
- Cindy Hyde-Smith (R-MS)
- Chris Van Hollen (D-MD)
- Tim Scott (R-SC)
- Patty Murray (D-WA)
- Susan Collins (R-ME)
- Catherine Cortez Masto (D-NV)
- Jon Tester (D-MT)
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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