New Markets Tax Credit Extension Act of 2021

United States117th CongressS-456Senate
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 (Senate)View official text

1 version available

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Timeline

Latest companion bill action

HR-1321: New Markets Tax Credit Extension Act of 2021

Introduced in House

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Finance.

    Senate

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