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
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Timeline
Latest companion bill action
HR-1321: New Markets Tax Credit Extension Act of 2021Introduced in House
Introduced in Senate
Read twice and referred to the Committee on Finance.
Senate
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