New Markets Tax Credit Extension Act of 2019

Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

TSD SewellSponsor

130 cosponsors · 57 D, 73 R

EBD Blumenauer DDD Davis SDD DelBene BHD Higgins RKD Kind MKR Kelly DKD Kildee JLD Larson DLR LaHood GMD Moore BPD Pascrell TRR Reed LSD Sánchez JSR Smith JWR Walorski BWR Wenstrup JGD Gomez GHR Holding JRR Rutherford ABD Brindisi MDR Diaz-Balart DJR Joyce RKD Krishnamoorthi SMD Murphy END Norton BPR Posey MTR Turner SWR Watkins BGR Gibbs AHD Hastings BJR Johnson SSR Stivers GBR Bilirakis JBR Baird SCR Chabot BFR Fitzpatrick CPD Pingree SPD Peters RAR Abraham JBD Beatty ECD Cleaver KCD Castor MDD DeSaulnier VGD Gonzalez AGR Gonzalez MGR Guest SHD Horsford MKD Kaptur JMD McGovern DMR McKinley HRD Rouda MSR Simpson RSR Spano AWR Wagner TYR Yoho SDD Davis BLR Long JMD Morelle HRR Rogers ASD Sires LTD Trahan SBR Brooks BFD Foster DHR Hunter BMD McCollum SPR Palazzo DSD Soto JCD Costa PDD DeFazio SDD Davids TKR Kelly JPD Panetta TRD Ryan PSR Stauber DBR Bacon JBR Bergman TBR Balderson JCD Crow SDR DesJarlais PKR King DSR Schweikert PWD Welch MAR Amodei MBR Bost VHR Hartzler ALD Lawson BMR Mast DMR Meuser LSR Smucker DYR Young DCD Cicilline CCD Crist NDR Dunn RMR Marshall CPD Peterson FUR Upton SBD Bonamici DED Evans DJR Johnson BLR Luetkemeyer ABR Barr GGR Graves DPD Price RCR Crawford CHR Higgins BBR Byrne AFR Ferguson MSD Scanlon SWR Womack TDD Deutch MGR Gallagher AMR Mooney DPD Payne DRR Riggleman MVD Veasey FWD Wilson KBD Bass RKD Kelly RLR Latta VBR Buchanan ACD Craig SGR Graves AKR Kinzinger CMR McMorris Rodgers TRR Rice WSR Steube MDD Doyle CJR Jacobs JWR Wilson MWR Waltz

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

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 2018, and (2) allow an offset against the alternative minimum tax for the credit (determined with respect to qualified equity investments initially made after 2018).