To amend the Internal Revenue Code of 1986 to permanently extend the new markets tax credit, and for other purposes.
USA115th CongressHR-1098| House
| Updated: 1/30/2018
Patrick J. Tiberi
Republican Representative
Ohio
Cosponsors (103)
Steve Chabot (Republican)Tim Ryan (Democratic)Bob Gibbs (Republican)Marcy Kaptur (Democratic)Tom O'Halleran (Democratic)Richard M. Nolan (Democratic)Gregg Harper (Republican)Steven M. Palazzo (Republican)Erik Paulsen (Republican)Don Young (Republican)Mark Pocan (Democratic)Peter T. King (Republican)Joyce Beatty (Democratic)Steve Stivers (Republican)David N. Cicilline (Democratic)Brian Higgins (Democratic)John A. Yarmuth (Democratic)Darin LaHood (Republican)Sanford D. Bishop (Democratic)Brad R. Wenstrup (Republican)Terri A. Sewell (Democratic)Jackie Walorski (Republican)Gregorio Kilili Camacho Sablan (Democratic)Carol Shea-Porter (Democratic)Lynn Jenkins (Republican)Eric Swalwell (Democratic)Michael F. Doyle (Democratic)Suzan K. DelBene (Democratic)Scott H. Peters (Democratic)Donald M. Payne (Democratic)Billy Long (Republican)Michael E. Capuano (Democratic)Collin C. Peterson (Democratic)Carlos Curbelo (Republican)Danny K. Davis (Democratic)Peter A. DeFazio (Democratic)Todd Rokita (Republican)Daniel T. Kildee (Democratic)James B. Renacci (Republican)David B. McKinley (Republican)Jason Smith (Republican)Elizabeth H. Esty (Democratic)Lloyd Smucker (Republican)Luke Messer (Republican)Ralph Lee Abraham (Republican)Ann M. Kuster (Democratic)Gus M. Bilirakis (Republican)Patrick Meehan (Republican)André Carson (Democratic)Andy Barr (Republican)Mario Diaz-Balart (Republican)Matt Cartwright (Democratic)John B. Larson (Democratic)David P. Joyce (Republican)Fred Upton (Republican)Mark DeSaulnier (Democratic)Keith Ellison (Democratic)Kyrsten Sinema (Independent)Ann Wagner (Republican)Mike Kelly (Republican)Peter J. Roskam (Republican)David E. Price (Democratic)Raja Krishnamoorthi (Democratic)Marcia L. Fudge (Democratic)Luis V. Gutierrez (Democratic)Kathy Castor (Democratic)Betty McCollum (Democratic)Eleanor Holmes Norton (Democratic)Richard E. Neal (Democratic)Thomas J. Rooney (Republican)Elijah E. Cummings (Democratic)Jim Costa (Democratic)Garret Graves (Republican)Scott DesJarlais (Republican)Michael K. Simpson (Republican)Janice D. Schakowsky (Democratic)David G. Valadao (Republican)James P. McGovern (Democratic)Michael R. Turner (Republican)Ted S. Yoho (Republican)Ron Kind (Democratic)Yvette D. Clarke (Democratic)Dennis A. Ross (Republican)Vicky Hartzler (Republican)Peter Welch (Democratic)Albio Sires (Democratic)Cedric L. Richmond (Democratic)Earl Blumenauer (Democratic)Tom Reed (Republican)Charlie Crist (Democratic)Mike Thompson (Democratic)Bill Posey (Republican)Susan W. Brooks (Republican)Linda T. Sánchez (Democratic)Zoe Lofgren (Democratic)George Holding (Republican)Harold Rogers (Republican)Alcee L. Hastings (Democratic)Bill Johnson (Republican)Barbara Comstock (Republican)Chellie Pingree (Democratic)Bill Pascrell (Democratic)Vern Buchanan (Republican)
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
New Markets Tax Credit Extension Act of 201 7 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).
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
ASSUMING FIRST SPONSORSHIP - Mr. Reed asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 1098, a bill originally introduced by Representative Tiberi, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.
Taxation
Business investment and capitalEconomic developmentFinancial services and investmentsIncome tax creditsInflation and prices
To amend the Internal Revenue Code of 1986 to permanently extend the new markets tax credit, and for other purposes.
USA115th CongressHR-1098| House
| Updated: 1/30/2018
New Markets Tax Credit Extension Act of 201 7 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).
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
ASSUMING FIRST SPONSORSHIP - Mr. Reed asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 1098, a bill originally introduced by Representative Tiberi, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.
Patrick J. Tiberi
Republican Representative
Ohio
Cosponsors (103)
Steve Chabot (Republican)Tim Ryan (Democratic)Bob Gibbs (Republican)Marcy Kaptur (Democratic)Tom O'Halleran (Democratic)Richard M. Nolan (Democratic)Gregg Harper (Republican)Steven M. Palazzo (Republican)Erik Paulsen (Republican)Don Young (Republican)Mark Pocan (Democratic)Peter T. King (Republican)Joyce Beatty (Democratic)Steve Stivers (Republican)David N. Cicilline (Democratic)Brian Higgins (Democratic)John A. Yarmuth (Democratic)Darin LaHood (Republican)Sanford D. Bishop (Democratic)Brad R. Wenstrup (Republican)Terri A. Sewell (Democratic)Jackie Walorski (Republican)Gregorio Kilili Camacho Sablan (Democratic)Carol Shea-Porter (Democratic)Lynn Jenkins (Republican)Eric Swalwell (Democratic)Michael F. Doyle (Democratic)Suzan K. DelBene (Democratic)Scott H. Peters (Democratic)Donald M. Payne (Democratic)Billy Long (Republican)Michael E. Capuano (Democratic)Collin C. Peterson (Democratic)Carlos Curbelo (Republican)Danny K. Davis (Democratic)Peter A. DeFazio (Democratic)Todd Rokita (Republican)Daniel T. Kildee (Democratic)James B. Renacci (Republican)David B. McKinley (Republican)Jason Smith (Republican)Elizabeth H. Esty (Democratic)Lloyd Smucker (Republican)Luke Messer (Republican)Ralph Lee Abraham (Republican)Ann M. Kuster (Democratic)Gus M. Bilirakis (Republican)Patrick Meehan (Republican)André Carson (Democratic)Andy Barr (Republican)Mario Diaz-Balart (Republican)Matt Cartwright (Democratic)John B. Larson (Democratic)David P. Joyce (Republican)Fred Upton (Republican)Mark DeSaulnier (Democratic)Keith Ellison (Democratic)Kyrsten Sinema (Independent)Ann Wagner (Republican)Mike Kelly (Republican)Peter J. Roskam (Republican)David E. Price (Democratic)Raja Krishnamoorthi (Democratic)Marcia L. Fudge (Democratic)Luis V. Gutierrez (Democratic)Kathy Castor (Democratic)Betty McCollum (Democratic)Eleanor Holmes Norton (Democratic)Richard E. Neal (Democratic)Thomas J. Rooney (Republican)Elijah E. Cummings (Democratic)Jim Costa (Democratic)Garret Graves (Republican)Scott DesJarlais (Republican)Michael K. Simpson (Republican)Janice D. Schakowsky (Democratic)David G. Valadao (Republican)James P. McGovern (Democratic)Michael R. Turner (Republican)Ted S. Yoho (Republican)Ron Kind (Democratic)Yvette D. Clarke (Democratic)Dennis A. Ross (Republican)Vicky Hartzler (Republican)Peter Welch (Democratic)Albio Sires (Democratic)Cedric L. Richmond (Democratic)Earl Blumenauer (Democratic)Tom Reed (Republican)Charlie Crist (Democratic)Mike Thompson (Democratic)Bill Posey (Republican)Susan W. Brooks (Republican)Linda T. Sánchez (Democratic)Zoe Lofgren (Democratic)George Holding (Republican)Harold Rogers (Republican)Alcee L. Hastings (Democratic)Bill Johnson (Republican)Barbara Comstock (Republican)Chellie Pingree (Democratic)Bill Pascrell (Democratic)Vern Buchanan (Republican)
Ways and Means Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Business investment and capitalEconomic developmentFinancial services and investmentsIncome tax creditsInflation and prices