US SB996 | 2011-2012 | 112th Congress
Status
Spectrum: Moderate Partisan Bill (Democrat 24-5)
Status: Introduced on May 12 2011 - 25% progression, died in committee
Action: 2011-05-12 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 12 2011 - 25% progression, died in committee
Action: 2011-05-12 - 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 2011 - 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.
Title
New Markets Tax Credit Extension Act of 2011
Sponsors
| Sen. John Rockefeller [D-WV] | Sen. Mark Begich [D-AK] | Sen. Jeff Bingaman [D-NM] | Sen. Richard Blumenthal [D-CT] |
| Sen. Roy Blunt [R-MO] | Sen. Barbara Boxer [D-CA] | Sen. Scott Brown [R-MA] | Sen. Sherrod Brown [D-OH] |
| Sen. Maria Cantwell [D-WA] | Sen. Benjamin Cardin [D-MD] | Sen. Thomas Carper [D-DE] | Sen. Robert Casey [D-PA] |
| Sen. Susan Collins [R-ME] | Sen. Christopher Coons [D-DE] | Sen. Al Franken [D-MN] | Sen. Kirsten Gillibrand [D-NY] |
| Sen. Tom Harkin [D-IA] | Sen. John Kerry [D-MA] | Sen. Amy Klobuchar [D-MN] | Sen. Mary Landrieu [D-LA] |
| Sen. Patrick Leahy [D-VT] | Sen. Robert Menendez [D-NJ] | Sen. Lisa Murkowski [R-AK] | Sen. Charles Schumer [D-NY] |
| Sen. Olympia Snowe [R-ME] | Sen. Debbie Stabenow [D-MI] | Sen. Jon Tester [D-MT] | Sen. Tom Udall [D-NM] |
| Sen. Ron Wyden [D-OR] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-05-12 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB2655 (Related) 2011-07-26 - Referred to the House Committee on Ways and Means.
HB3224 (Related) 2011-10-14 - Referred to the House Committee on Ways and Means.
HB3224 (Related) 2011-10-14 - 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/112th-congress/senate-bill/996/all-info |
| Text | https://www.congress.gov/112/bills/s996/BILLS-112s996is.pdf |
