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- S.996
S.996: 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 May 12, 2011
- Latest Major Action May 12, 2011
Bill Sponsor
Bill Cosponsors
28 (23 Democrats, 5 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.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| May 12, 2011 |
Introduced in the Senate by John D. Rockefeller IV (D-W.Va.) |