HR 3224 · 112th Congress · Taxation

To amend the Internal Revenue Code of 1986 to extend the new markets tax credit through 2016, and for other purposes.

Introduced 2011-10-14· Sponsored by Rep. Higgins, Brian [D-NY-27]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2011-10-14)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to: (1) extend the new markets tax credit through 2016, (2) provide for an inflation adjustment to the limitation amount for such credit after 2012, and (3) allow an offset against the alternative minimum tax (AMT) for such credit (determined with respect to qualified equity investments made before January 1, 2017).…

Summarized by Claude AI · Non-partisan · For informational purposes only