A bill to amend the Internal Revenue Code of 1986 to permanently extend the new markets tax credit, and for other purposes.
USA115th CongressS-384| Senate
| Updated: 2/15/2017
Roy Blunt
Republican Senator
Missouri
Cosponsors (21)
Catherine Cortez Masto (Democratic)Cindy Hyde-Smith (Republican)Charles E. Schumer (Democratic)Kirsten E. Gillibrand (Democratic)Roger F. Wicker (Republican)John Boozman (Republican)Chris Van Hollen (Democratic)Tim Scott (Republican)Jon Tester (Democratic)Debbie Stabenow (Democratic)John Kennedy (Republican)Patty Murray (Democratic)Tina Smith (Democratic)Sherrod Brown (Democratic)Thad Cochran (Republican)Maria Cantwell (Democratic)Benjamin L. Cardin (Democratic)Susan M. Collins (Republican)Rob Portman (Republican)Steve Daines (Republican)Shelley Moore Capito (Republican)
Finance 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).
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Latest Companion Bill Action
HR 115-1098ASSUMING 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
A bill to amend the Internal Revenue Code of 1986 to permanently extend the new markets tax credit, and for other purposes.
USA115th CongressS-384| Senate
| Updated: 2/15/2017
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 Senate
Read twice and referred to the Committee on Finance.
Latest Companion Bill Action
HR 115-1098ASSUMING 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.
Roy Blunt
Republican Senator
Missouri
Cosponsors (21)
Catherine Cortez Masto (Democratic)Cindy Hyde-Smith (Republican)Charles E. Schumer (Democratic)Kirsten E. Gillibrand (Democratic)Roger F. Wicker (Republican)John Boozman (Republican)Chris Van Hollen (Democratic)Tim Scott (Republican)Jon Tester (Democratic)Debbie Stabenow (Democratic)John Kennedy (Republican)Patty Murray (Democratic)Tina Smith (Democratic)Sherrod Brown (Democratic)Thad Cochran (Republican)Maria Cantwell (Democratic)Benjamin L. Cardin (Democratic)Susan M. Collins (Republican)Rob Portman (Republican)Steve Daines (Republican)Shelley Moore Capito (Republican)
Finance Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Business investment and capitalEconomic developmentFinancial services and investmentsIncome tax creditsInflation and prices