US HB1098 | 2017-2018 | 115th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on February 15 2017 - 25% progression
Action: 2017-02-15 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

New Markets Tax Credit Extension Act of 2017 This bill amends the Internal Revenue Code to: (1) make permanent the new markets tax credit, (2) provide for an inflation adjustment to the limitation amount for such credit after 2016, and (3) allow an offset against the alternative minimum tax for such credit (determined with respect to qualified equity investments initially made after 2016).

Tracking Information

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Title

New Markets Tax Credit Extension Act of 2017

Sponsors


History

DateChamberAction
2017-02-15HouseReferred to the House Committee on Ways and Means.
2017-02-15HouseIntroduced in House

Same As/Similar To

SB384 (Same As) 2017-02-15 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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