SENATE 456117th CongressRead twice and referred to the Committee on Finance.
New Markets Tax Credit Extension Act of 2021
- Last Action
- 2/25/2021
Actions
- 2021-02-25Read twice and referred to the Committee on Finance.
- 2021-02-25Introduced in Senate
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)
- Roy Blunt (R-MO)
- Charles Schumer (D-NY)
- Rob Portman (R-OH)
- Maria Cantwell (D-WA)
- Tim Scott (R-SC)
- Robert Menendez (D-NJ)
- Jeanne Shaheen (D-NH)
- Patrick Leahy (D-VT)
- Bill Cassidy (R-LA)
- Steve Daines (R-MT)
- Shelley Capito (R-WV)
- Bob Casey (D-PA)
- Michael Bennet (D-CO)
- Mark Warner (D-VA)
- Marsha Blackburn (R-TN)
- John Boozman (R-AR)
- Chris Van Hollen (D-MD)
- Cindy Hyde-Smith (R-MS)
- Roger Wicker (R-MS)
- 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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