S. 456 · 117th Congress · Senate

New Markets Tax Credit Extension Act of 2021

Active· Read twice and referred to the Committee on Finance.
Introduced
Feb 25, 21
Passed Senate
Pending
Passed House
Pending
Sent to President
Pending
Signed into Law
Pending

Executive 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).

Action Timeline

2
  1. FEB 25, 2021IntroReferral

    Introduced in Senate

  2. FEB 25, 2021IntroReferral

    Read twice and referred to the Committee on Finance.

Committees

1

Finance Committee

ssfi00

Referred: Feb 25, 2021

Active