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H.R. 1680 116th Congress House

New Markets Tax Credit Extension Act of 2019

Official title: To amend the Internal Revenue Code of 1986 to permanently extend the new markets tax credit, and for other purposes.

Introduced: March 12, 2019 Introduced by: Terri A. Sewell Democratic · Alabama See on congress.gov
Taxation Business investment and capitalEconomic developmentFinancial services and investmentsIncome tax creditsInflation and prices
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Mar 12, 2019
Referred to the House Committee on Ways and Means.
Mar 12, 2019
Introduced in House
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 Latest action March 12, 2019

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

New Markets Tax Credit Extension Act of 2019

This bill makes the new markets tax credit permanent. It also modifies the credit to (1) provide for an inflation adjustment to the limitation amount for the credit after 2018, and (2) allow an offset against the alternative minimum tax for the credit (determined with respect to qualified equity investments initially made after 2018).

 Related & companion bills 1
  • S 750 Identical bill New Markets Tax Credit Extension Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 125
All 125 Democratic 35 Republican 39
DOYLE, MIKE
· Oct 23, 2020
Jacobs, Chris
· Oct 23, 2020
 R
Waltz, Michael
Florida · Oct 23, 2020
 R
Wilson, Joe
South Carolina · Oct 23, 2020
 R
Buchanan, Vern
Florida · Feb 13, 2020
 D
Craig, Angie
Minnesota · Feb 13, 2020
 R
Graves, Sam
Missouri · Feb 13, 2020
Kinzinger, Adam
· Feb 13, 2020
Rice, Tom
· Feb 13, 2020
Rodgers, Cathy
· Feb 13, 2020
 R
Steube, W. Gregory
Florida · Feb 13, 2020
Bass, Karen
· Dec 18, 2019
 D
Kelly, Robin L.
Illinois · Dec 18, 2019
 R
Latta, Robert E.
Ohio · Dec 18, 2019
Deutch, Theodore
· Dec 17, 2019
Gallagher, Mike
· Dec 17, 2019
Mooney, Alexander
· Dec 17, 2019
Payne, Donald
· Dec 17, 2019
 D
Veasey, Marc A.
Texas · Dec 17, 2019
 D
Wilson, Frederica S.
Florida · Dec 17, 2019
Byrne, Bradley
· Oct 31, 2019
Ferguson, A.
· Oct 31, 2019
 D
Scanlon, Mary Gay
Pennsylvania · Oct 31, 2019
 R
Womack, Steve
Arkansas · Oct 31, 2019
 R
Crawford, Eric A. "Rick"
Arkansas · Oct 23, 2019
 R
Higgins, Clay
Louisiana · Oct 23, 2019
 R
Barr, Andy
Kentucky · Sep 27, 2019
Graves, Garret
· Sep 27, 2019
PRICE, DAVID
· Sep 27, 2019
 D
Bonamici, Suzanne
Oregon · Sep 12, 2019
 D
Evans, Dwight
Pennsylvania · Sep 12, 2019
 R
Johnson, Dusty
South Dakota · Sep 12, 2019
Luetkemeyer, Blaine
· Sep 12, 2019
Cicilline, David
· Aug 27, 2019
Crist, Charlie
· Aug 27, 2019
 R
Dunn, Neal P.
Florida · Aug 27, 2019
 R
Marshall, Roger
Kansas · Aug 27, 2019
PETERSON, COLLIN
· Aug 27, 2019
UPTON, FRED
· Aug 27, 2019
 R
Amodei, Mark E.
Nevada · Jun 25, 2019
 R
Bost, Mike
Illinois · Jun 25, 2019
Hartzler, Vicky
· Jun 25, 2019
Lawson, Al
· Jun 25, 2019
 R
Mast, Brian J.
Florida · Jun 25, 2019
 R
Meuser, Daniel
Pennsylvania · Jun 25, 2019
 R
Smucker, Lloyd
Pennsylvania · Jun 25, 2019
YOUNG, DON
· Jun 25, 2019
 R
Bacon, Don
Nebraska · Jun 5, 2019
 R
Balderson, Troy
Ohio · Jun 5, 2019
 R
Bergman, Jack
Michigan · Jun 5, 2019
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Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1680: New Markets Tax Credit Extension Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-HR-1680/
MLA
"H.R. 1680: New Markets Tax Credit Extension Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-1680/.
Bluebook (legal)
H.R. 1680, 116th Cong. (2026), https://openamerica.io/bill/116-HR-1680/.
Markdown link
[H.R. 1680: New Markets Tax Credit Extension Act of 2019](https://openamerica.io/bill/116-HR-1680/)
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