Skip to main content
S 996 112th Congress Senate

New Markets Tax Credit Extension Act of 2011

Official title: A bill to amend the Internal Revenue Code of 1986 to extend the new markets tax credit through 2016, and for other purposes.

Introduced: November 7, 2011 See on congress.gov
Taxation Business investment and capitalEconomic developmentFinancial services and investmentsIncome tax creditsInflation and prices
Sign in to write a letter Sign in to watch
This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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
May 12, 2011
Read twice and referred to the Committee on Finance.
May 12, 2011
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action May 12, 2011

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 2
  • HR 2655 Related bill New Markets Tax Credit Extension Act of 2011
  • HR 3224 Related bill To amend the Internal Revenue Code of 1986 to extend the new markets tax credit through 2016, and for other purposes.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 9
All 9 Democratic 7 Republican 2
R
Collins, Susan M.
Maine · Sep 19, 2012
 R
Murkowski, Lisa
Alaska · Sep 13, 2012
 D
Coons, Christopher A.
Delaware · Dec 5, 2011
 D
Blumenthal, Richard
Connecticut · Nov 7, 2011
 D
Cantwell, Maria
Washington · Sep 13, 2011
 D
Gillibrand, Kirsten E.
New York · Jun 23, 2011
 D
Wyden, Ron
Oregon · May 25, 2011
 D
Klobuchar, Amy
Minnesota · May 17, 2011
 D
Schumer, Charles E.
New York · May 12, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). S. 996: New Markets Tax Credit Extension Act of 2011. 112th Congress. Open America. https://openamerica.io/bill/112-S-996/
MLA
"S. 996: New Markets Tax Credit Extension Act of 2011." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-996/.
Bluebook (legal)
S. 996, 112th Cong. (2026), https://openamerica.io/bill/112-S-996/.
Markdown link
[S. 996: New Markets Tax Credit Extension Act of 2011](https://openamerica.io/bill/112-S-996/)
Report a problem