New Markets Tax Credit Extension Act of 2021

United States117th CongressHR-1321House of Representatives
Updated: Feb 25, 2021

Summary

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).

Bill texts

Available versions
Introduced (House)View official text

1 version available

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Timeline

Latest companion bill action

S-456: New Markets Tax Credit Extension Act of 2021

Read twice and referred to the Committee on Finance.

  1. Introduced in House

  2. Referred to the House Committee on Ways and Means.

    House of Representatives

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