US SB591 | 2015-2016 | 114th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 8-5)
Status: Introduced on February 26 2015 - 25% progression, died in committee
Action: 2015-02-26 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 26 2015 - 25% progression, died in committee
Action: 2015-02-26 - 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 2015 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 2014, and (3) allow an offset against the alternative minimum tax for such credit (determined with respect to qualified equity investments initially made after the enactment of this Act).
Title
New Markets Tax Credit Extension Act of 2015
Sponsors
Sen. Roy Blunt [R-MO] | Sen. Charles Schumer [D-NY] | Sen. Steve Daines [R-MT] | Sen. Benjamin Cardin [D-MD] |
Sen. Al Franken [D-MN] | Sen. Amy Klobuchar [D-MN] | Sen. Roger Wicker [R-MS] | Sen. Gary Peters [D-MI] |
Sen. Mark Kirk [R-IL] | Sen. Thad Cochran [R-MS] | Sen. Kirsten Gillibrand [D-NY] | Sen. Maria Cantwell [D-WA] |
Sen. Sherrod Brown [D-OH] |
History
Date | Chamber | Action |
---|---|---|
2015-02-26 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB855 (Related) 2015-02-10 - Referred to the House Committee on Ways and Means.
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/114th-congress/senate-bill/591/all-info |
Text | https://www.congress.gov/114/bills/s591/BILLS-114s591is.pdf |