H.R.1321: New Markets Tax Credit Extension Act of 2021

About This Bill

Bill Cosponsors

125 (60 Democrats, 65 Republicans)

Bill Version

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

There is one statement associated with H.R.1321.

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.)

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