HR 1321 · 117th Congress · Taxation

New Markets Tax Credit Extension Act of 2021

Introduced 2021-02-25· Sponsored by Rep. Sewell, Terri A. [D-AL-7]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2021-02-25)

Plain Language Summary

[AI summary unavailable — showing source text] New Markets Tax Credit Extension Act of 2021 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 2021, and (2) allow an offset against the alternative minimum tax for the credit (determined with respect to qualified equity investments initially made after 2020).…

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

Cosponsors (20)

12 Democrats8 Republicans
Rep. Reed, Tom [R-NY-23]NY
Rep. Larson, John B. [D-CT-1]CT
Rep. Blumenauer, Earl [D-OR-3]OR
Rep. Pascrell, Bill, Jr. [D-NJ-9]NJ
Rep. Davis, Danny K. [D-IL-7]IL
Rep. Sánchez, Linda T. [D-CA-38]CA
Rep. Higgins, Brian [D-NY-26]NY
Rep. DelBene, Suzan K. [D-WA-1]WA
Rep. Moore, Gwen [D-WI-4]WI
Rep. Kildee, Daniel T. [D-MI-5]MI
Rep. Beyer, Donald S., Jr. [D-VA-8]VA
Rep. Evans, Dwight [D-PA-3]PA
Rep. Panetta, Jimmy [D-CA-20]CA
Rep. Buchanan, Vern [R-FL-16]FL
Rep. Kelly, Mike [R-PA-16]PA
Rep. Smith, Jason [R-MO-8]MO
Rep. Rice, Tom [R-SC-7]SC
Rep. Schweikert, David [R-AZ-6]AZ
Rep. Walorski, Jackie [R-IN-2]IN
Rep. LaHood, Darin [R-IL-18]IL