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.

RBR BluntSponsor

37 cosponsors · 20 D, 17 R

MCD Cantwell BCD Cardin RPR Portman CSD Schumer TSR Scott SBD Brown SCR Capito SDR Daines CHR Hyde-Smith DSD Stabenow TSD Smith JTD Tester RWR Wicker JBR Boozman CCD Cortez Masto PMD Murray MMR McSally MBR Blackburn MHD Hassan MBD Bennet AKD Klobuchar PLD Leahy KSD Sinema SCR Collins JMD Merkley MWD Warner CGR Gardner JKR Kennedy LGR Graham JHR Hoeven BCD Casey BCR Cassidy DJD Jones BMD Menendez JMR Moran GPD Peters DFR Fischer

5 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).