New Markets Tax Credit Extension Act of 2019
USA116th CongressS-750| Senate
| Updated: 3/12/2019
Roy Blunt
Republican Senator
Missouri
Cosponsors (37)
Bill Cassidy (Republican)Margaret Wood Hassan (Democratic)Catherine Cortez Masto (Democratic)Patrick J. Leahy (Democratic)Cindy Hyde-Smith (Republican)Charles E. Schumer (Democratic)Jerry Moran (Republican)Marsha Blackburn (Republican)Mark R. Warner (Democratic)Amy Klobuchar (Democratic)Lindsey Graham (Republican)Roger F. Wicker (Republican)Martha McSally (Republican)John Boozman (Republican)Doug Jones (Democratic)Robert P. Casey (Democratic)Kyrsten Sinema (Independent)Tim Scott (Republican)Jon Tester (Democratic)Debbie Stabenow (Democratic)John Kennedy (Republican)Deb Fischer (Republican)Michael F. Bennet (Democratic)Patty Murray (Democratic)Tina Smith (Democratic)Sherrod Brown (Democratic)Maria Cantwell (Democratic)Benjamin L. Cardin (Democratic)Robert Menendez (Democratic)Jeff Merkley (Democratic)Susan M. Collins (Republican)Gary C. Peters (Democratic)Cory Gardner (Republican)Rob Portman (Republican)Steve Daines (Republican)John Hoeven (Republican)Shelley Moore Capito (Republican)
Finance Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
New Markets Tax Credit Extension Act of 201 9 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).
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
Business investment and capitalEconomic developmentFinancial services and investmentsIncome tax creditsInflation and prices
New Markets Tax Credit Extension Act of 2019
USA116th CongressS-750| Senate
| Updated: 3/12/2019
New Markets Tax Credit Extension Act of 201 9 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).
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.
Roy Blunt
Republican Senator
Missouri
Cosponsors (37)
Bill Cassidy (Republican)Margaret Wood Hassan (Democratic)Catherine Cortez Masto (Democratic)Patrick J. Leahy (Democratic)Cindy Hyde-Smith (Republican)Charles E. Schumer (Democratic)Jerry Moran (Republican)Marsha Blackburn (Republican)Mark R. Warner (Democratic)Amy Klobuchar (Democratic)Lindsey Graham (Republican)Roger F. Wicker (Republican)Martha McSally (Republican)John Boozman (Republican)Doug Jones (Democratic)Robert P. Casey (Democratic)Kyrsten Sinema (Independent)Tim Scott (Republican)Jon Tester (Democratic)Debbie Stabenow (Democratic)John Kennedy (Republican)Deb Fischer (Republican)Michael F. Bennet (Democratic)Patty Murray (Democratic)Tina Smith (Democratic)Sherrod Brown (Democratic)Maria Cantwell (Democratic)Benjamin L. Cardin (Democratic)Robert Menendez (Democratic)Jeff Merkley (Democratic)Susan M. Collins (Republican)Gary C. Peters (Democratic)Cory Gardner (Republican)Rob Portman (Republican)Steve Daines (Republican)John Hoeven (Republican)Shelley Moore Capito (Republican)
Finance Committee
Taxation
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Business investment and capitalEconomic developmentFinancial services and investmentsIncome tax creditsInflation and prices