HR 1321 United States House · 117th Congress

New Markets Tax Credit Extension Act of 2021

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).

Issues: ✓ Budget & Taxes ✓ Housing

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2021

Committee Review

Floor Vote

President

Introduced Feb 25, 2021 Last action Feb 25, 2021

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

2

Key actions

0

Committee

1

Feb 25, 2021

Committee

Referred to the House Committee on Ways and Means.

lower

Feb 25, 2021

Introduced

Introduced in House

lower

1 primary · 126 co-sponsors

Sponsors

Role

Legislator

Party

State

District

Terri A. Sewell

A. Drew Ferguson IV

Alexander X. Mooney

Anthony Gonzalez