Bill116th CongressFiled Mar 12, 2019Taxation
S. 750
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 senate (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
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Blunt, Roy [R-MO](R-MO)Sponsor
37 cosponsors20 D17 R
37cosponsors1committees2actions2related bills5subjects
- Introduced in SenateMar 12, 2019
- Mar 12, 2019IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Mar 12, 2019IntroReferral10000
Introduced in Senate