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S 456 117th 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 2021

Introduced: February 25, 2021 See on congress.gov
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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
Read twice and referred to the Committee on Finance.
Feb 25, 2021
Introduced in Senate
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 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

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 1321 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 19
All 19 Democratic 9 Republican 9
D
Baldwin, Tammy
Wisconsin · Nov 16, 2022
 D
Murphy, Christopher
Connecticut · Jul 19, 2022
 R
Moran, Jerry
Kansas · Jan 12, 2022
 D
Cortez Masto, Catherine
Nevada · Jul 15, 2021
 R
Hyde-Smith, Cindy
Mississippi · May 27, 2021
 R
Wicker, Roger F.
Mississippi · May 27, 2021
 D
Van Hollen, Chris
Maryland · May 20, 2021
 R
Blackburn, Marsha
Tennessee · Apr 20, 2021
 R
Boozman, John
Arkansas · Apr 20, 2021
 D
Bennet, Michael F.
Colorado · Apr 14, 2021
 D
Warner, Mark R.
Virginia · Apr 14, 2021
 R
Capito, Shelley Moore
West Virginia · Mar 9, 2021
 R
Cassidy, Bill
Louisiana · Mar 9, 2021
 R
Daines, Steve
Montana · Mar 9, 2021
 D
Shaheen, Jeanne
New Hampshire · Mar 9, 2021
Blunt, Roy
· Feb 25, 2021
 D
Cantwell, Maria
Washington · Feb 25, 2021
 D
Schumer, Charles E.
New York · Feb 25, 2021
 R
Scott, Tim
South Carolina · Feb 25, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 456: New Markets Tax Credit Extension Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-456/
MLA
"S. 456: New Markets Tax Credit Extension Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-456/.
Bluebook (legal)
S. 456, 117th Cong. (2026), https://openamerica.io/bill/117-S-456/.
Markdown link
[S. 456: New Markets Tax Credit Extension Act of 2021](https://openamerica.io/bill/117-S-456/)
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