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

Rep. Patrick Tiberi [R]Rep. Richard Neal [D]Rep. Tom Reed [R]Rep. Mike Kelly [R]
Rep. Patrick Meehan [R]Rep. David McKinley [R]Rep. Ron Kind [D]Rep. Brian Higgins [D]
Rep. Jason Smith [R]Rep. Erik Paulsen [R]Rep. Earl Blumenauer [D]Rep. Danny Davis [D]
Rep. Mike Thompson [D]Rep. Bill Pascrell [D]Rep. Terri Sewell [D]Rep. John Larson [D]
Rep. Linda Sanchez [D]Rep. Michael Turner [R]Rep. David Joyce [R]Rep. Bill Johnson [R]
Rep. Steve Stivers [R]Rep. James Renacci [R]Rep. Eleanor Norton [D]Rep. Carlos Curbelo [R]
Rep. Ted Yoho [R]Rep. David Price [D]Rep. Tim Ryan [D]Rep. Elijah Cummings [D]
Rep. Bob Gibbs [R]Rep. Vern Buchanan [R]Rep. Lloyd Smucker [R]Rep. Gus Bilirakis [R]
Rep. Don Young [R]Rep. Keith Ellison [D]Rep. Suzan DelBene [D]Rep. Mario Diaz-Balart [R]
Rep. Thomas Rooney [R]Rep. David Valadao [R]Rep. Michael Doyle [D]Rep. Billy Long [R]
Rep. Peter King [R]Rep. Dennis Ross [R]Rep. Joyce Beatty [D]Rep. David Cicilline [D]
Rep. Donald Payne [D]Rep. Gregg Harper [R]Rep. James McGovern [D]Rep. Chellie Pingree [D]
Rep. Collin Peterson [D]Rep. Brad Wenstrup [R]Rep. Eric Swalwell [D]Rep. Kathy Castor [D]
Rep. Krysten Sinema [D]Rep. Peter DeFazio [D]Rep. Mark Pocan [D]Rep. Marcy Kaptur [D]
Rep. Marcia Fudge [D]Rep. Barbara Comstock [R]Rep. Steve Chabot [R]Rep. Richard Nolan [D]
Rep. Ralph Abraham [R]Rep. George Holding [R]Rep. Tom O'Halleran [D]Rep. Charlie Crist [D]
Rep. Matthew Cartwright [D]Rep. Raja Krishnamoorthi [D]Rep. Michael Capuano [D]Rep. Peter Welch [D]
Rep. Jim Costa [D]Rep. Betty McCollum [D]Rep. Albio Sires [D]Rep. Zoe Lofgren [D]
Rep. Carol Shea-Porter [D]Rep. Janice Schakowsky [D]Rep. Lynn Jenkins [R]Rep. Fred Upton [R]
Rep. Todd Rokita [R]Rep. Jackie Walorski [R]Rep. Mark DeSaulnier [D]Rep. Cedric Richmond [D]
Rep. Steven Palazzo [R]

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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