S 996
112th Congress
Senate
Taxation
Business investment and capital
Economic development
Financial services and investments
Income tax credits
Inflation and prices
New Markets Tax Credit Extension Act of 2011
Introduced: May 12, 2011
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 12, 2011
Read twice and referred to the Committee on Finance.
May 12, 2011
Introduced in Senate
Plain-English 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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1