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]
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).
Title
New Markets Tax Credit Extension Act of 2019
Sponsors
Sen. Roy Blunt [R-MO] | Sen. Benjamin Cardin [D-MD] | Sen. Rob Portman [R-OH] | Sen. Charles Schumer [D-NY] |
Sen. Tim Scott [R-SC] | Sen. Maria Cantwell [D-WA] | Sen. Steve Daines [R-MT] | Sen. Sherrod Brown [D-OH] |
Sen. Shelley Capito [R-WV] | Sen. Debbie Stabenow [D-MI] | Sen. Cindy Hyde-Smith [R-MS] | Sen. Tina Smith [D-MN] |
Sen. Roger Wicker [R-MS] | Sen. Jon Tester [D-MT] | Sen. John Boozman [R-AR] | Sen. Catherine Cortez Masto [D-NV] |
Sen. Patty Murray [D-WA] | Sen. Martha McSally [R-AZ] | Sen. Margaret Hassan [D-NH] | Sen. Marsha Blackburn [R-TN] |
Sen. Patrick Leahy [D-VT] | Sen. Kyrsten Sinema [I-AZ] | Sen. Amy Klobuchar [D-MN] | Sen. Michael Bennet [D-CO] |
Sen. Susan Collins [R-ME] | Sen. Jeff Merkley [D-OR] | Sen. Mark Warner [D-VA] | Sen. John Kennedy [R-LA] |
Sen. Cory Gardner [R-CO] | Sen. Lindsey Graham [R-SC] | Sen. John Hoeven [R-ND] | Sen. Robert Casey [D-PA] |
Sen. Bill Cassidy [R-LA] | Sen. Doug Jones [D-AL] | Sen. Robert Menendez [D-NJ] | Sen. Gary Peters [D-MI] |
Sen. Jerry Moran [R-KS] | Sen. Deb Fischer [R-NE] |
History
Date | Chamber | Action |
---|---|---|
2019-03-12 | Senate | Read 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.
SB5011 (Related) 2020-12-11 - Read twice and referred to the Committee on Finance.
Subjects
Business investment and capital
Economic development
Financial services and investments
Income tax credits
Inflation and prices
Taxation
Economic development
Financial services and investments
Income tax credits
Inflation and prices
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/750/all-info |
Text | https://www.congress.gov/116/bills/s750/BILLS-116s750is.pdf |