H.R. 855 · 114th Congress
New Markets Tax Credit Extension Act of 2015
- Stage
- In committee
- Sponsor
- Pat Tiberi
- Introduced
- 2015-02-10
- Latest action
- 2015-02-10 · Introduced in House
Summary
New Markets Tax Credit Extension Act of 2015
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 2014, and (3) allow an offset against the alternative minimum tax for such credit (determined with respect to qualified equity investments initially made after the enactment of this Act).