New Markets Tax Credit Extension Act of 2021
Summary
New Markets Tax Credit Extension Act of 2021 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 2021, and (2) allow an offset against the alternative minimum tax for the credit (determined with respect to qualified equity investments initially made after 2020).
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2021
Committee Review
Floor Vote
President
Introduced Feb 25, 2021
Last action Feb 25, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Feb 25, 2021
Committee
Read twice and referred to the Committee on Finance.
upper
Feb 25, 2021
Introduced
Introduced in Senate
upper
1 primary · 25 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Benjamin L. Cardin
DDemocratic
Co
Bill Cassidy
RRepublican
Co
Catherine Cortez Masto
DDemocratic
Co
Charles E. Schumer
DDemocratic
Co
Chris Van Hollen
DDemocratic
Co
Christopher Murphy
DDemocratic
Co
Cindy Hyde-Smith
RRepublican
Co
Jeanne Shaheen
DDemocratic
Co
Jerry Moran
RRepublican
Co
John Boozman
RRepublican
Co
Jon Tester
DDemocratic
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