H.R. 1098 · 115th Congress
New Markets Tax Credit Extension Act of 2017
- Stage
- In committee
- Sponsor
- Pat Tiberi
- Introduced
- 2017-02-15
- Latest action
- 2018-01-30 · ASSUMING FIRST SPONSORSHIP - Mr. Reed asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 1098, a bill originally introduced by Representative Tiberi, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.
Summary
New Markets Tax Credit Extension Act of 2017
This bill 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 2016, and (3) allow an offset against the alternative minimum tax for such credit (determined with respect to qualified equity investments initially made after 2016).