New Markets Tax Credit Extension Act of 2023

Summary

New Markets Tax Credit Extension Act of 2023 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 2023, and (2) allow an offset against the alternative minimum tax for the credit (determined with respect to qualified equity investments initially made after 2022).

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

Timeline

1. 2 February 2023

   Introduced

   Introduced in Senate

   Source: IntroReferral

2. 2 February 2023

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

3. 16 April 2024

   Committee

   Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held. With printed Hearing: S.Hrg. 118-555.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 2 February 2023 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 2 February 2023

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 2 February 2023

  ViewDownloadOpen at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Introduced in Senate

  summary · EN · 2 February 2023

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Cardin, Benjamin L. [D-MD] · D · Sponsor
• Sen. Daines, Steve [R-MT] · R · Sponsor
• Sen. Cantwell, Maria [D-WA] · D · Sponsor
• Sen. Scott, Tim [R-SC] · R · Sponsor
• Sen. Schumer, Charles E. [D-NY] · D · Sponsor
• Sen. Cassidy, Bill [R-LA] · R · Sponsor
• Sen. Menendez, Robert [D-NJ] · D · Sponsor
• Sen. Blackburn, Marsha [R-TN] · R · Sponsor
• Sen. Shaheen, Jeanne [D-NH] · D · Cosponsor
• Sen. Warner, Mark R. [D-VA] · D · Cosponsor
• Sen. Wicker, Roger F. [R-MS] · R · Cosponsor
• Sen. Hyde-Smith, Cindy [R-MS] · R · Cosponsor
• Sen. Klobuchar, Amy [D-MN] · D · Cosponsor
• Sen. Boozman, John [R-AR] · R · Cosponsor
• Sen. Welch, Peter [D-VT] · D · Cosponsor
• Sen. Moran, Jerry [R-KS] · R · Cosponsor
• Sen. Casey, Robert P., Jr. [D-PA] · D · Cosponsor
• Sen. Graham, Lindsey [R-SC] · R · Cosponsor
• Sen. Fischer, Deb [R-NE] · R · Cosponsor
• Sen. Sinema, Kyrsten [I-AZ] · I · Cosponsor
• Sen. Kelly, Mark [D-AZ] · D · Cosponsor
• Sen. Ricketts, Pete [R-NE] · R · Cosponsor
• Sen. Brown, Sherrod [D-OH] · D · Cosponsor
• · ssbk00 · Standing
• · ssfi00 · Standing

Related records

• related to ← New Markets Tax Credit Extension Act of 2023
• related to ← New Markets Tax Credit Extension Act of 2021