Senate Bill 384
115th Congress(2017-2018)
New Markets Tax Credit Extension Act of 2017
Introduced
Introduced in Senate on Feb 15, 2017
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
384
Congress
115
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Roy Blunt
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Mississippi
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Montana
Nevada
New York
New York
Ohio
Ohio
South Carolina
Washington
Washington
West Virginia
No Senate votes have been held for this bill.
Summary
New Markets Tax Credit Extension Act of 2017
This bill amends the Internal Revenue Code to: (1) make permanent the new markets tax credit, (2) provide for an inflation adjustment to the limitation amount for such credit after 2016, and (3) allow an offset against the alternative minimum tax for such credit (determined with respect to qualified equity investments initially made after 2016).
February 15, 2017
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02/15/2017
Read twice and referred to the Committee on Finance.
02/15/2017
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:34:47 PM