US SB1583 | 2009-2010 | 111th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 10-4)
Status: Introduced on August 5 2009 - 25% progression, died in chamber
Action: 2009-08-05 - Read twice and referred to the Committee on Finance.
Status: Introduced on August 5 2009 - 25% progression, died in chamber
Action: 2009-08-05 - Read twice and referred to the Committee on Finance.
Summary
New Markets Tax Credit Extension Act of 2009 - Amends the Internal Revenue Code to: (1) extend the new markets tax credit through 2014; (2) provide for an inflation adjustment to the limitation amount for such credit after 2009; and (3) allow an offset against the alternative minimum tax (AMT) for such credit.
Title
New Markets Tax Credit Extension Act of 2009
Sponsors
| Sen. Jeff Bingaman [D-NM] | Sen. Richard Burr [R-NC] | Sen. Richard Durbin [D-IL] | Sen. John Ensign [R-NV] |
| Sen. James Inhofe [R-OK] | Sen. Tim Johnson [D-SD] | Sen. John Kerry [D-MA] | Sen. Paul Kirk [D-MA] |
| Sen. Mary Landrieu [D-LA] | Sen. Patrick Leahy [D-VT] | Sen. Blanche Lincoln [D-AR] | Sen. John Rockefeller [D-WV] |
| Sen. Olympia Snowe [R-ME] | Sen. Debbie Stabenow [D-MI] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-08-05 | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB2628 (Related) 2009-05-21 - Referred to the House Committee on Ways and Means.
Subjects
Business investment and capital
Economic development
Financial services and investments
Income tax credits
Inflation and prices
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/senate-bill/1583/all-info |
