US SB750 | 2019-2020 | 116th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on March 12 2019 - 25% progression, died in committee
Action: 2019-03-12 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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


History

DateChamberAction
2019-03-12SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB1680 (Same As) 2019-03-12 - Referred to the House Committee on Ways and Means.
SB5011 (Related) 2020-12-11 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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