New Markets Tax Credit Extension Act of 2017

Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

PTR TiberiSponsor

103 cosponsors · 56 D, 47 R

EBD Blumenauer DDD Davis BHD Higgins BJR Johnson DJR Joyce RKD Kind MKR Kelly JLD Larson DMR McKinley PMR Meehan RND Neal BPD Pascrell EPR Paulsen TRR Reed JRR Renacci LSD Sánchez TSD Sewell SSR Stivers JSR Smith MTD Thompson MTR Turner CCR Curbelo END Norton ECD Cummings DPD Price TRD Ryan TYR Yoho BGR Gibbs VBR Buchanan GBR Bilirakis SDD DelBene KED Ellison LSR Smucker DYR Young MDR Diaz-Balart TRR Rooney MDD Doyle DVR Valadao BLR Long PKR King DRR Ross JBD Beatty DCD Cicilline DPD Payne GHR Harper JMD McGovern CPD Pingree CPD Peterson BWR Wenstrup KCD Castor ESD Swalwell KSD Sinema PDD DeFazio MPD Pocan MKD Kaptur BCR Comstock MFD Fudge RAR Abraham SCR Chabot RND Nolan GHR Holding TOD O’Halleran CCD Crist MCD Cartwright MCD Capuano RKD Krishnamoorthi PWD Welch JCD Costa BMD McCollum ZLD Lofgren ASD Sires CSD Shea-Porter JSD Schakowsky LJR Jenkins FUR Upton TRR Rokita MDD DeSaulnier SPR Palazzo CRD Richmond JWR Walorski GSD Sablan GGR Graves LMR Messer BPR Posey HRR Rogers AWR Wagner JYD Yarmuth SBR Brooks ACD Carson EED Esty AHD Hastings YCD Clarke LGD Gutiérrez DKD Kildee PRR Roskam ABR Barr SDR DesJarlais DLR LaHood SBD Bishop AKD Kuster VHR Hartzler MSR Simpson SPD Peters

21 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

This bill 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 2016, and (3) allow an offset against the alternative minimum tax for such credit (determined with respect to qualified equity investments initially made after 2016).