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- H.R.1321
H.R.1321: New Markets Tax Credit Extension Act of 2021
About This Bill
- Introduced Feb. 25, 2021
- Latest Major Action Feb. 25, 2021
- See the five similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
125 (60 Democrats, 65 Republicans)
Bill Version
- Introduced in House - Feb. 25, 2021
Bill 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).
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
Date | Description |
---|---|
Feb. 25, 2021 |
Referred to the House Committee on Ways and Means.
|
Feb. 25, 2021 |
Introduced in the House by Terri Sewell (D-Ala.) |