US SB384 | 2017-2018 | 115th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 15 2017 - 25% progression, died in committee
Action: 2017-02-15 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 15 2017 - 25% progression, died in committee
Action: 2017-02-15 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance 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).
Title
New Markets Tax Credit Extension Act of 2017
Sponsors
| Sen. Roy Blunt [R-MO] | Sen. Benjamin Cardin [D-MD] | Sen. Charles Schumer [D-NY] | Sen. Kirsten Gillibrand [D-NY] |
| Sen. Thad Cochran [R-MS] | Sen. Roger Wicker [R-MS] | Sen. Rob Portman [R-OH] | Sen. Debbie Stabenow [D-MI] |
| Sen. Sherrod Brown [D-OH] | Sen. Shelley Capito [R-WV] | Sen. Maria Cantwell [D-WA] | Sen. Steve Daines [R-MT] |
| Sen. John Boozman [R-AR] | Sen. Tina Smith [D-MN] | Sen. Cindy Hyde-Smith [R-MS] | Sen. Chris Van Hollen [D-MD] |
| Sen. Tim Scott [R-SC] | Sen. Patty Murray [D-WA] | Sen. Susan Collins [R-ME] | Sen. Catherine Cortez Masto [D-NV] |
| Sen. Jon Tester [D-MT] | Sen. John Kennedy [R-LA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2017-02-15 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB1098 (Same As) 2018-01-30 - ASSUMING FIRST SPONSORSHIP - Mr. Reed asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 1098, a bill originally introduced by Representative Tiberi, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.
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/115th-congress/senate-bill/384/all-info |
| Text | https://www.congress.gov/115/bills/s384/BILLS-115s384is.pdf |
