US HB3224 | 2011-2012 | 112th Congress
Status
Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on October 14 2011 - 25% progression, died in committee
Action: 2011-10-14 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on October 14 2011 - 25% progression, died in committee
Action: 2011-10-14 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to: (1) extend the new markets tax credit through 2016, (2) provide for an inflation adjustment to the limitation amount for such credit after 2012, and (3) allow an offset against the alternative minimum tax (AMT) for such credit (determined with respect to qualified equity investments made before January 1, 2017).
Title
To amend the Internal Revenue Code of 1986 to extend the new markets tax credit through 2016, and for other purposes.
Sponsors
| Rep. Brian Higgins [D-NY] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-10-14 | House | Referred to the House Committee on Ways and Means. |
Same As/Similar To
HB2655 (Related) 2011-07-26 - Referred to the House Committee on Ways and Means.
SB996 (Related) 2011-05-12 - Read twice and referred to the Committee on Finance.
SB996 (Related) 2011-05-12 - 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/112th-congress/house-bill/3224/all-info |
| Text | https://www.congress.gov/112/bills/hr3224/BILLS-112hr3224ih.pdf |
