S.750: New Markets Tax Credit Extension Act of 2019

About This Bill

Bill Sponsor

Bill Summary

New Markets Tax Credit Extension Act of 2019 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 2018, and (2) allow an offset against the alternative minimum tax for the credit (determined with respect to qualified equity investments initially made after 2018).

(Source: Congressional Research Service)

Bill Actions

Date Description
March 12
Read twice and referred to the Committee on Finance.
March 12

Introduced in the Senate by Roy Blunt (R-Mo.)

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