Bill114th CongressFiled Feb 26, 2015Taxation
S. 591
New Markets Tax Credit Extension Act of 2015
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Feb 26, 2015)
New Markets Tax Credit Extension Act of 2015
Amends the Internal Revenue Code to: (1) make permanent the new markets tax credit, (2) provide for an inflation adjustment to the limitation amount for such credit after 2014, and (3) allow an offset against the alternative minimum tax for such credit (determined with respect to qualified equity investments initially made after the enactment of this Act).
What just happenedFeb 26, 2015
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Blunt, Roy [R-MO](R-MO)Sponsor
12 cosponsors8 D4 R
12cosponsors1committees2actions1related bills5subjects
- Introduced in SenateFeb 26, 2015
- Feb 26, 2015IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Feb 26, 2015IntroReferral10000
Introduced in Senate