SENATE 750116th CongressRead twice and referred to the Committee on Finance.
New Markets Tax Credit Extension Act of 2019
- Last Action
- 3/12/2019
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).
Sourced from Congress.gov (public domain).
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