3.0.0 3224 2023-01-11T13:22:04Z 2023-01-11T13:22:04Z House H HR 2011-10-14 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. HIGGINS:H.R. 3224.Congress has the power to enact this legislation pursuantto the following:The constitutional authority of this legislation lies inthe power of congress to lay and collect taxes, duties,imposts and excises as described in Article 1, Section 8,Clause 1. With further support from the Sixteenth Amendment,which provides Congress the power to lay and collect taxes onincomes, from whatever sources derived.[Page H6978]]]> hswm00 Ways and Means Committee House Standing Referred to 2011-10-14T13:01:50Z 112 2655 HR 2011-07-26 Referred to the House Committee on Ways and Means. Related bill CRS 112 996 S 2011-05-12 Read twice and referred to the Committee on Finance. Related bill CRS 2011-10-14 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2011-10-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-10-14 Introduced in House IntroReferral 1000 9 Library of Congress H001038 Rep. Higgins, Brian [D-NY-27] Brian Higgins D NY 27 N Taxation Business investment and capital Economic development Financial services and investments Income tax credits Inflation and prices Taxation

00 2011-10-14 Introduced in House 2011-10-28T21:19:28Z 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).

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Display Title Official Title as Introduced Introduced in House IH Introduced in House 2011-10-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr3224ih/xml/BILLS-112hr3224ih.xml 2011-10-14 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.