US HB1680 | 2019-2020 | 116th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on March 12 2019 - 25% progression
Action: 2019-03-12 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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).

Tracking Information

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Title

New Markets Tax Credit Extension Act of 2019

Sponsors

Rep. Terri Sewell [D-AL]Rep. Tom Reed [R-NY]Rep. Bill Pascrell [D-NJ]Rep. Suzan DelBene [D-WA]
Rep. Daniel Kildee [D-MI]Rep. Earl Blumenauer [D-OR]Rep. Gwen Moore [D-WI]Rep. Brian Higgins [D-NY]
Rep. John Larson [D-CT]Rep. Danny Davis [D-IL]Rep. Ron Kind [D-WI]Rep. Linda Sanchez [D-CA]
Rep. Jackie Walorski [R-IN]Rep. Mike Kelly [R-PA]Rep. Jason Smith [R-MO]Rep. Darin LaHood [R-IL]
Rep. Brad Wenstrup [R-OH]Rep. Jimmy Gomez [D-CA]Rep. George Holding [R-NC]Rep. John Rutherford [R-FL]
Rep. David Joyce [R-OH]Rep. Eleanor Norton [D-DC]Rep. Michael Turner [R-OH]Rep. Bill Posey [R-FL]
Rep. Mario Diaz-Balart [R-FL]Rep. Raja Krishnamoorthi [D-IL]Rep. Stephanie Murphy [D-FL]Rep. Anthony Brindisi [D-NY]
Rep. Steve Watkins [R-KS]Rep. Bill Johnson [R-OH]Rep. Alcee Hastings [D-FL]Rep. Bob Gibbs [R-OH]
Rep. Steve Stivers [R-OH]Rep. Scott Peters [D-CA]Rep. Brian Fitzpatrick [R-PA]Rep. Gus Bilirakis [R-FL]
Rep. Chellie Pingree [D-ME]Rep. Steve Chabot [R-OH]Rep. James Baird [R-IN]Rep. James McGovern [D-MA]
Rep. Marcy Kaptur [D-OH]Rep. Ralph Abraham [R-LA]Rep. Ross Spano [R-FL]Rep. Harley Rouda [D-CA]
Rep. Joyce Beatty [D-OH]Rep. Steven Horsford [D-NV]Rep. David McKinley [R-WV]Rep. Michael Simpson [R-ID]
Rep. Anthony Gonzalez [R-OH]Rep. Vicente Gonzalez [D-TX]Rep. Ted Yoho [R-FL]Rep. Emanuel Cleaver [D-MO]
Rep. Mark DeSaulnier [D-CA]Rep. Michael Guest [R-MS]Rep. Kathy Castor [D-FL]Rep. Ann Wagner [R-MO]
Rep. Lori Trahan [D-MA]Rep. Susan Davis [D-CA]Rep. Joseph Morelle [D-NY]Rep. Albio Sires [D-NJ]
Rep. Harold Rogers [R-KY]Rep. Billy Long [R-MO]Rep. Bill Foster [D-IL]Rep. Darren Soto [D-FL]
Rep. Betty McCollum [D-MN]Rep. Duncan Hunter [R-CA]Rep. Steven Palazzo [R-MS]Rep. Susan Brooks [R-IN]
Rep. Pete Stauber [R-MN]Rep. Tim Ryan [D-OH]Rep. Jimmy Panetta [D-CA]Rep. Sharice Davids [D-KS]
Rep. Peter DeFazio [D-OR]Rep. Trent Kelly [R-MS]Rep. Jim Costa [D-CA]Rep. Don Bacon [R-NE]
Rep. Troy Balderson [R-OH]Rep. Peter Welch [D-VT]Rep. Jason Crow [D-CO]Rep. David Schweikert [R-AZ]
Rep. Scott DesJarlais [R-TN]Rep. Peter King [R-NY]Rep. Jack Bergman [R-MI]Rep. Brian Mast [R-FL]
Rep. Lloyd Smucker [R-PA]Rep. Al Lawson [D-FL]Rep. Mark Amodei [R-NV]Rep. Mike Bost [R-IL]
Rep. Don Young [R-AK]Rep. Dan Meuser [R-PA]Rep. Vicky Hartzler [R-MO]

History

DateChamberAction
2019-03-12HouseReferred to the House Committee on Ways and Means.
2019-03-12HouseIntroduced in House

Same As/Similar To

SB750 (Same As) 2019-03-12 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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