S. 996 · 112th Congress
New Markets Tax Credit Extension Act of 2011
- Stage
- In committee
- Sponsor
- Jay Rockefeller
- Introduced
- 2011-05-12
- Latest action
- 2011-05-12 · Introduced in Senate
Summary
New Markets Tax Credit Extension Act of 2011 - Amends the Internal Revenue Code to: (1) extend the new markets tax credit through 2016; (2) provide for an inflation adjustment to the limitation amount for such credit after 2012; and (3) allow an offset against the alternative minimum tax (AMT) for such credit.