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HR 2713 106th Congress House

New Markets Tax Credit Act of 1999

Official title: To amend the Internal Revenue Code of 1986 to provide a credit against income tax for certain investments in businesses located in low-income communities.

Introduced: October 13, 1999 See on congress.gov
Taxation Business income taxCapital investmentsCommerceCommunity development
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Community development corporationsCounselingDepressed areasFinance and Financial SectorFinancial planningIncome taxInfrastructureInvestment tax creditLoansPartnershipsSocial WelfareStocksTax creditsUrban affairs
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 5, 1999
Referred to the House Committee on Ways and Means.
Aug 5, 1999
Sponsor introductory remarks on measure. (CR E1761)
Aug 5, 1999
Introduced in House
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 Latest action August 5, 1999

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service
New Markets Tax Credit Act of 1999 - Amends the Internal Revenue Code to allow a limited credit to a taxpayer making a qualified low-income community investment (as defined).
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Democratic 7
D
DeGette, Diana
Colorado · May 2, 2000
 D
Norton, Eleanor Holmes
District of Columbia · Mar 29, 2000
 D
Thompson, Bennie G.
Mississippi · Nov 17, 1999
 D
Larson, John B.
Connecticut · Oct 28, 1999
 D
Velázquez, Nydia M.
New York · Oct 13, 1999
 D
Pelosi, Nancy
California · Aug 5, 1999
 D
Waters, Maxine
California · Aug 5, 1999
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2713: New Markets Tax Credit Act of 1999. 106th Congress. Open America. https://openamerica.io/bill/106-HR-2713/
MLA
"H.R. 2713: New Markets Tax Credit Act of 1999." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-2713/.
Bluebook (legal)
H.R. 2713, 106th Cong. (2026), https://openamerica.io/bill/106-HR-2713/.
Markdown link
[H.R. 2713: New Markets Tax Credit Act of 1999](https://openamerica.io/bill/106-HR-2713/)
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