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New Markets Tax Credit Extension Act of 2021

USA117th CongressS-456| Senate 
| Updated: 2/25/2021
Benjamin L. Cardin

Benjamin L. Cardin

Democratic Senator

Maryland

Cosponsors (25)
Jeanne Shaheen (Democratic)Bill Cassidy (Republican)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)Roger F. Wicker (Republican)John Boozman (Republican)Roy Blunt (Republican)Robert P. Casey (Democratic)Chris Van Hollen (Democratic)Tim Scott (Republican)Christopher Murphy (Democratic)Jon Tester (Democratic)Michael F. Bennet (Democratic)Sherrod Brown (Democratic)Maria Cantwell (Democratic)Tammy Baldwin (Democratic)Robert Menendez (Democratic)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 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).
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Timeline

Bill from Previous Congress

S 116-750
New Markets Tax Credit Extension Act of 2019
Feb 25, 2021

Latest Companion Bill Action

HR 117-1321
Introduced in House
Feb 25, 2021
Introduced in Senate
Feb 25, 2021
Read twice and referred to the Committee on Finance.
  • Bill from Previous Congress

    S 116-750
    New Markets Tax Credit Extension Act of 2019


  • February 25, 2021

    Latest Companion Bill Action

    HR 117-1321
    Introduced in House


  • February 25, 2021
    Introduced in Senate


  • February 25, 2021
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 117-1321: New Markets Tax Credit Extension Act of 2021
Business investment and capitalEconomic developmentFinancial services and investmentsIncome tax creditsInflation and prices

New Markets Tax Credit Extension Act of 2021

USA117th CongressS-456| Senate 
| Updated: 2/25/2021
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).
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 116-750
New Markets Tax Credit Extension Act of 2019
Feb 25, 2021

Latest Companion Bill Action

HR 117-1321
Introduced in House
Feb 25, 2021
Introduced in Senate
Feb 25, 2021
Read twice and referred to the Committee on Finance.
  • Bill from Previous Congress

    S 116-750
    New Markets Tax Credit Extension Act of 2019


  • February 25, 2021

    Latest Companion Bill Action

    HR 117-1321
    Introduced in House


  • February 25, 2021
    Introduced in Senate


  • February 25, 2021
    Read twice and referred to the Committee on Finance.
Benjamin L. Cardin

Benjamin L. Cardin

Democratic Senator

Maryland

Cosponsors (25)
Jeanne Shaheen (Democratic)Bill Cassidy (Republican)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)Roger F. Wicker (Republican)John Boozman (Republican)Roy Blunt (Republican)Robert P. Casey (Democratic)Chris Van Hollen (Democratic)Tim Scott (Republican)Christopher Murphy (Democratic)Jon Tester (Democratic)Michael F. Bennet (Democratic)Sherrod Brown (Democratic)Maria Cantwell (Democratic)Tammy Baldwin (Democratic)Robert Menendez (Democratic)Rob Portman (Republican)Steve Daines (Republican)Shelley Moore Capito (Republican)

Finance Committee

Taxation

Related Bills

  • HR 117-1321: New Markets Tax Credit Extension Act of 2021
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business investment and capitalEconomic developmentFinancial services and investmentsIncome tax creditsInflation and prices