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- H.R.2655
H.R.2655: New Markets Tax Credit Extension Act of 2011
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced July 26, 2011
- Latest Major Action July 26, 2011
Bill Sponsor
Bill Cosponsors
86 (64 Democrats, 22 Republicans)
Bill 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 (determined with respect to qualified equity investments made before January 1, 2017).
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| July 26, 2011 |
Introduced in the House by Jim Gerlach (R-Pa.) |