Bill115th CongressFiled Feb 15, 2017Taxation
S. 384
New Markets Tax Credit Extension Act of 2017
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Feb 15, 2017)
New Markets Tax Credit Extension Act of 2017
This bill 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 2016, and (3) allow an offset against the alternative minimum tax for such credit (determined with respect to qualified equity investments initially made after 2016).
What just happenedFeb 15, 2017
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Blunt, Roy [R-MO](R-MO)Sponsor
21 cosponsors11 D10 R
21cosponsors1committees2actions1related bills5subjects
- Introduced in SenateFeb 15, 2017
- Feb 15, 2017IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Feb 15, 2017IntroReferral10000
Introduced in Senate