S 750 · 116th Congress · Taxation
New Markets Tax Credit Extension Act of 2019
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Finance.(2019-03-12)
Plain Language Summary
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New Markets Tax Credit Extension Act of 201 9 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).…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
11 Democrats9 Republicans