Skip to main content
HR 1321 117th Congress House Taxation Business investment and capital Economic development Financial services and investments Income tax credits Inflation and prices

New Markets Tax Credit Extension Act of 2021

Introduced: June 14, 2021 Introduced by: Sewell, Terri A. Democratic · Alabama See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Feb 25, 2021
Referred to the House Committee on Ways and Means.
Feb 25, 2021
Introduced in House
 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.

 Plain-English summary Congressional Research Service

New Markets Tax Credit Extension Act of 2021

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 2021, and (2) allow an offset against the alternative minimum tax for the credit (determined with respect to qualified equity investments initially made after 2020).

What's happening now February 25, 2021

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • S 456 Identical bill New Markets Tax Credit Extension Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 126
All 126 Democratic 39 Republican 43
Phillips, Dean
· Dec 21, 2022
 D
Boyle, Brendan F.
Pennsylvania · Dec 12, 2022
 R
Finstad, Brad
Minnesota · Dec 1, 2022
CHABOT, STEVE
· Nov 14, 2022
 D
Chu, Judy
California · Nov 14, 2022
 D
Johnson, Henry C. "Hank"
Georgia · Oct 31, 2022
 D
Mfume, Kweisi
Maryland · Oct 28, 2022
 D
Scott, David
Georgia · Sep 28, 2022
Mooney, Alexander
· Aug 30, 2022
Lee, Barbara
· Jun 21, 2022
Kahele, Kaiali'i
· Jun 8, 2022
 D
Carson, André
Indiana · May 31, 2022
MALONEY, CAROLYN
· May 18, 2022
 D
Nadler, Jerrold
New York · May 17, 2022
Carl, Jerry
· May 11, 2022
 R
Carey, Mike
Ohio · May 10, 2022
 D
Moulton, Seth
Massachusetts · May 10, 2022
 D
Cleaver, Emanuel
Missouri · May 3, 2022
 R
Van Duyne, Beth
Texas · Apr 28, 2022
 R
Mann, Tracey
Kansas · Apr 4, 2022
 R
Bost, Mike
Illinois · Mar 24, 2022
LaTurner, Jake
· Mar 15, 2022
 R
Barr, Andy
Kentucky · Mar 9, 2022
 R
Crawford, Eric A. "Rick"
Arkansas · Mar 9, 2022
 R
Miller, Carol D.
West Virginia · Feb 22, 2022
 D
Auchincloss, Jake
Massachusetts · Jan 19, 2022
 R
Guest, Michael
Mississippi · Jan 19, 2022
 R
Rogers, Harold
Kentucky · Jan 19, 2022
Graves, Garret
· Jan 3, 2022
 D
Krishnamoorthi, Raja
Illinois · Jan 3, 2022
McKinley, David
· Jan 3, 2022
 R
Meuser, Daniel
Pennsylvania · Jan 3, 2022
Payne, Donald
· Jan 3, 2022
 R
Graves, Sam
Missouri · Oct 28, 2021
Hartzler, Vicky
· Oct 28, 2021
Napolitano, Grace
· Oct 28, 2021
 R
Salazar, Maria Elvira
Florida · Oct 8, 2021
Luetkemeyer, Blaine
· Sep 29, 2021
 R
Wilson, Joe
South Carolina · Aug 31, 2021
 R
Joyce, David P.
Ohio · Aug 24, 2021
PRICE, DAVID
· Aug 24, 2021
 R
Valadao, David G.
California · Aug 24, 2021
Lawson, Al
· Aug 13, 2021
O'Halleran, Tom
· Aug 13, 2021
YOUNG, DON
· Aug 13, 2021
 R
Letlow, Julia
Louisiana · Jul 30, 2021
DOYLE, MIKE
· Jul 28, 2021
Cárdenas, Tony
· Jul 27, 2021
Gonzalez, Anthony
· Jul 27, 2021
Kuster, Ann
· Jul 27, 2021
Page 1 of 3 Next
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1321: New Markets Tax Credit Extension Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-1321/
MLA
"H.R. 1321: New Markets Tax Credit Extension Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-1321/.
Bluebook (legal)
H.R. 1321, 117th Cong. (2026), https://openamerica.io/bill/117-HR-1321/.
Markdown link
[H.R. 1321: New Markets Tax Credit Extension Act of 2021](https://openamerica.io/bill/117-HR-1321/)
Report a problem