Bill116th CongressFiled Mar 12, 2019Taxation
H.R. 1680
New Markets Tax Credit Extension Act of 2019
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Mar 12, 2019)
New Markets Tax Credit Extension Act of 2019
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 2018, and (2) allow an offset against the alternative minimum tax for the credit (determined with respect to qualified equity investments initially made after 2018).
What just happenedMar 12, 2019
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Sewell, Terri A. [D-AL-7](D-AL)Sponsor
130 cosponsors57 D73 R
130cosponsors1committees3actions1related bills5subjects
- Introduced in HouseMar 12, 2019
- Mar 12, 2019IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Mar 12, 2019IntroReferralIntro-H
Introduced in House
- Mar 12, 2019IntroReferral1000
Introduced in House