US HB1680 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on March 12 2019 - 25% progression, died in committee
Action: 2019-03-12 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 12 2019 - 25% progression, died in committee
Action: 2019-03-12 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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 2018, and (2) allow an offset against the alternative minimum tax for the credit (determined with respect to qualified equity investments initially made after 2018).
Title
New Markets Tax Credit Extension Act of 2019
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2019-03-12 | House | Referred to the House Committee on Ways and Means. |
| 2019-03-12 | House | Introduced in House |
Same As/Similar To
SB750 (Same As) 2019-03-12 - Read twice and referred to the Committee on Finance.
Subjects
Business investment and capital
Economic development
Financial services and investments
Income tax credits
Inflation and prices
Taxation
Economic development
Financial services and investments
Income tax credits
Inflation and prices
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/1680/all-info |
| Text | https://www.congress.gov/116/bills/hr1680/BILLS-116hr1680ih.pdf |
