US HB2655 | 2011-2012 | 112th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 64-23)
Status: Introduced on July 26 2011 - 25% progression, died in committee
Action: 2011-07-26 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 26 2011 - 25% progression, died in committee
Action: 2011-07-26 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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 (determined with respect to qualified equity investments made before January 1, 2017).
Title
New Markets Tax Credit Extension Act of 2011
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2011-07-26 | House | Referred to the House Committee on Ways and Means. |
Same As/Similar To
SB996 (Related) 2011-05-12 - Read twice and referred to the Committee on Finance.
HB3224 (Related) 2011-10-14 - Referred to the House Committee on Ways and Means.
HB3224 (Related) 2011-10-14 - Referred to the House Committee on Ways and Means.
Subjects
Business investment and capital
Economic development
Financial services and investments
Income tax credits
Inflation and prices
Taxation
Economic development
Financial services and investments
Income tax credits
Inflation and prices
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/house-bill/2655/all-info |
| Text | https://www.congress.gov/112/bills/hr2655/BILLS-112hr2655ih.pdf |
