S. 591 · 114th Congress
New Markets Tax Credit Extension Act of 2015
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
BluntSponsor12 cosponsors · 8 D, 4 R
D
Cardin
SD
R
Daines
CS
D
Schumer
AF
D
Franken
AK
D
Klobuchar
RW
R
Wicker
GP
D
Peters
MK
R
Kirk
TC
R
Cochran
KG
D
Gillibrand
MC
D
Cantwell
SB
D
Brown3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Amends the Internal Revenue Code to: (1) make permanent the new markets tax credit, (2) provide for an inflation adjustment to the limitation amount for such credit after 2014, and (3) allow an offset against the alternative minimum tax for such credit (determined with respect to qualified equity investments initially made after the enactment of this Act).
What it does: CRS summary · Introduced in Senate · Feb 26, 2015
New Markets Tax Credit Extension Act of 2015
Amends the Internal Revenue Code to: (1) make permanent the new markets tax credit, (2) provide for an inflation adjustment to the limitation amount for such credit after 2014, and (3) allow an offset against the alternative minimum tax for such credit (determined with respect to qualified equity investments initially made after the enactment of this Act).
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: New Markets Tax Credit Extension Act of 2015
Latest action (Feb 26, 2015): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Feb 26, 2015
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.