Bill117th CongressFiled Feb 25, 2021Taxation
H.R. 1321
New Markets Tax Credit Extension Act of 2021
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Feb 25, 2021)
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).
What just happenedFeb 25, 2021
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Sewell, Terri A. [D-AL-7](D-AL)Sponsor
126 cosponsors61 D65 R
126cosponsors1committees3actions1related bills5subjects
- Introduced in HouseFeb 25, 2021
- Feb 25, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Feb 25, 2021IntroReferralIntro-H
Introduced in House
- Feb 25, 2021IntroReferral1000
Introduced in House