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United States · Bill · HR

H.R. 1321 (117th)

New Markets Tax Credit Extension Act of 2021

referredUnited States· United States Congress· EN

Introduced

25 February 2021

Last action

25 February 2021 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Sewell, Terri A. [D-AL-7], Rep. Reed, Tom [R-NY-23], Rep. Larson, John B. [D-CT-1], Rep. Blumenauer, Earl [D-OR-3], Rep. Pascrell, Bill, Jr. [D-NJ-9], Rep. Davis, Danny K. [D-IL-7], Rep. Sánchez, Linda T. [D-CA-38], Rep. Higgins, Brian [D-NY-26], Rep. DelBene, Suzan K. [D-WA-1], Rep. Moore, Gwen [D-WI-4], Rep. Kildee, Daniel T. [D-MI-5], Rep. Beyer, Donald S. [D-VA-8], Rep. Evans, Dwight [D-PA-3], Rep. Panetta, Jimmy [D-CA-19], Rep. Buchanan, Vern [R-FL-16], Rep. Kelly, Mike [R-PA-16], Rep. Smith, Jason [R-MO-8], Rep. Rice, Tom [R-SC-7], Rep. Schweikert, David [R-AZ-1], Rep. Walorski, Jackie [R-IN-2], Rep. LaHood, Darin [R-IL-16], Rep. Wenstrup, Brad R. [R-OH-2], Rep. Ferguson, A. Drew, IV [R-GA-3], Rep. Smucker, Lloyd [R-PA-11], Rep. Fitzpatrick, Brian K. [R-PA-1], Rep. Costa, Jim [D-CA-21], Rep. McGovern, James P. [D-MA-2], Rep. Waltz, Michael [R-FL-6], Rep. Foster, Bill [D-IL-11], Rep. Dunn, Neal P. [R-FL-2], Rep. Bacon, Don [R-NE-2], Rep. Gallagher, Mike [R-WI-8], Rep. Crow, Jason [D-CO-6], Chris Jacobs, Rep. Latta, Robert E. [R-OH-5], Rep. Beatty, Joyce [D-OH-3], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Turner, Michael R. [R-OH-10], Rep. Demings, Val Butler [D-FL-10], Rep. Baird, James R. [R-IN-4], Rep. Rutherford, John H. [R-FL-5], Rep. Kelly, Robin L. [D-IL-2], Rep. Horsford, Steven [D-NV-4], Rep. Trahan, Lori [D-MA-3], Rep. Morelle, Joseph D. [D-NY-25], Rep. Pingree, Chellie [D-ME-1], Rep. McCollum, Betty [D-MN-4], Rep. Gomez, Jimmy [D-CA-34]

Subjects

Taxation

Source updated

5 December 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

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).

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 25 February 2021

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 25 February 2021

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 25 February 2021

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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Leesvertaling

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  • Introduced in House (text)

    Introduced in House · EN · 25 February 2021

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  • Introduced in House (PDF)

    Introduced in House · EN · 25 February 2021

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 25 February 2021

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Sponsors

Showing 48 of 128 sponsors and actors.

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Sources

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