3.0.0 456 2023-01-11T13:46:31Z 2023-01-11T13:46:31Z Senate S 2021-02-25 117 ssfi00 Finance Committee Senate Standing Referred to 2021-02-25T18:16:35Z New Markets Tax Credit Extension Act of 2021 117 1321 HR 2021-02-25 Referred to the House Committee on Ways and Means. Identical bill CRS 2021-02-25 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2021-02-25 Introduced in Senate IntroReferral 10000 9 Library of Congress C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD N B000575 Sen. Blunt, Roy [R-MO] Roy Blunt R MO 2021-02-25 True S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2021-02-25 True P000449 Sen. Portman, Rob [R-OH] Rob Portman R OH 2021-02-25 True C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA 2021-02-25 True S001184 Sen. Scott, Tim [R-SC] Tim Scott R SC 2021-02-25 True M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ 2021-03-09 False S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2021-03-09 False L000174 Sen. Leahy, Patrick J. [D-VT] Patrick Leahy D VT 2021-03-09 False C001075 Sen. Cassidy, Bill [R-LA] Bill Cassidy R LA 2021-03-09 False D000618 Sen. Daines, Steve [R-MT] Steve Daines R MT 2021-03-09 False C001047 Sen. Capito, Shelley Moore [R-WV] Shelley Capito R WV Moore 2021-03-09 False C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA 2021-04-14 False B001267 Sen. Bennet, Michael F. [D-CO] Michael Bennet D CO 2021-04-14 False W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. 2021-04-14 False B001243 Sen. Blackburn, Marsha [R-TN] Marsha Blackburn R TN 2021-04-20 False B001236 Sen. Boozman, John [R-AR] John Boozman R AR 2021-04-20 False V000128 Sen. Van Hollen, Chris [D-MD] Chris Van Hollen D MD 2021-05-20 False H001079 Sen. Hyde-Smith, Cindy [R-MS] Cindy Hyde-Smith R MS 2021-05-27 False W000437 Sen. Wicker, Roger F. [R-MS] Roger Wicker R MS F. 2021-05-27 False T000464 Sen. Tester, Jon [D-MT] Jon Tester D MT 2021-06-22 False C001113 Sen. Cortez Masto, Catherine [D-NV] Catherine Cortez Masto D NV 2021-07-15 False M000934 Sen. Moran, Jerry [R-KS] Jerry Moran R KS 2022-01-12 False M001169 Sen. Murphy, Christopher [D-CT] Christopher Murphy D CT S. 2022-07-19 False B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2022-09-22 False B001230 Sen. Baldwin, Tammy [D-WI] Tammy Baldwin D WI 2022-11-16 False Taxation Business investment and capital Economic development Financial services and investments Income tax credits Inflation and prices Taxation 00 2021-02-25 Introduced in Senate 2021-03-29T15:58:58Z 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).

]]> New Markets Tax Credit Extension Act of 2021 Display Title New Markets Tax Credit Extension Act of 2021 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to permanently extend the new markets tax credit, and for other purposes. Introduced in Senate IS Short Title(s) as Introduced New Markets Tax Credit Extension Act of 2021 Introduced in Senate IS Introduced in Senate 2021-02-25T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s456is/xml/BILLS-117s456is.xml 2021-02-25 Read twice and referred to the Committee on Finance. 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.