United States · Bill · HR
H.R. 8965 (116th)
New Markets Stabilization Act
Introduced
14 December 2020
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
Summary
New Markets Stabilization Act This bill modifies provisions of the new markets tax credit (NMTC). Specifically, it increases and extends the NMTC limitation through 2022 and allows a carryback of the credit for five years. The bill also exempts the NMTC from the 75% general business credit limitation, revises debt modification rules for NMTC issuers and borrowers, and permanently exempts the NMTC from the alternative minimum tax.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 14 December 2020
Introduced in House (PDF)
Introduced in House · EN · 14 December 2020
Introduced in House
summary · EN · 14 December 2020
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/116th-congress/house-bill/8965
- Open data entity: https://api.congress.gov/v3/bill/116/hr/8965