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S 1239 110th Congress Senate

New Markets Tax Credit Extension Act of 2007

Official title: A bill to amend the Internal Revenue Code of 1986 to extend the new markets tax credit through 2013, and for other purposes.

Introduced: June 18, 2007 See on congress.gov
Taxation Community developmentEconomics and Public FinanceFinance and Financial SectorIncome tax
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Indexing (Economic policy)InfrastructureInvestmentsStocksTax credits
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 26, 2007
Read twice and referred to the Committee on Finance.
Apr 26, 2007
Introduced in Senate
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 Latest action April 26, 2007

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

New Markets Tax Credit Extension Act of 2007 - Amends the Internal Revenue Code to: (1) extend the new markets tax credit through 2013; and (2) provide for an inflation adjustment to the limitation amount for such credit after 2008.

 Related & companion bills 1
  • HR 2075 Identical bill New Markets Tax Credit Extension Act of 2007
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Democratic 4
D
Wyden, Ron
Oregon · Dec 3, 2007
 D
Durbin, Richard J.
Illinois · Nov 6, 2007
 D
Cantwell, Maria
Washington · Aug 2, 2007
Burr, Richard
· Jun 29, 2007
Isakson, Johnny
· Jun 18, 2007
 D
Schumer, Charles E.
New York · Apr 26, 2007
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1239: New Markets Tax Credit Extension Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-S-1239/
MLA
"S. 1239: New Markets Tax Credit Extension Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-1239/.
Bluebook (legal)
S. 1239, 110th Cong. (2026), https://openamerica.io/bill/110-S-1239/.
Markdown link
[S. 1239: New Markets Tax Credit Extension Act of 2007](https://openamerica.io/bill/110-S-1239/)
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