US HB1680 | 2019-2020 | 116th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on March 12 2019 - 25% progression
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

New Markets Tax Credit Extension Act of 2019 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 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).

Tracking Information

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Title

New Markets Tax Credit Extension Act of 2019

Sponsors


History

DateChamberAction
2019-03-12HouseReferred to the House Committee on Ways and Means.
2019-03-12HouseIntroduced in House

Same As/Similar To

SB750 (Same As) 2019-03-12 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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