New Markets Tax Credit Extension Act of 2021
USA117th CongressHR-1321| House
| Updated: 2/25/2021
Terri A. Sewell
Democratic Representative
Alabama
Cosponsors (126)
Dwight Evans (Democratic)David Schweikert (Republican)Al Lawson (Democratic)Steve Chabot (Republican)Val Butler Demings (Democratic)Bob Gibbs (Republican)Tom O'Halleran (Democratic)Eric A. "Rick" Crawford (Republican)Jake LaTurner (Republican)Barbara Lee (Democratic)Robin L. Kelly (Democratic)Stephanie N. Murphy (Democratic)Don Young (Republican)Alexander X. Mooney (Republican)Karen Bass (Democratic)Joyce Beatty (Democratic)Steve Womack (Republican)Emanuel Cleaver (Democratic)Brian Higgins (Democratic)Warren Davidson (Republican)Scott Franklin (Republican)Neal P. Dunn (Republican)Carlos A. Gimenez (Republican)Carolyn B. Maloney (Democratic)Bill Foster (Democratic)Darin LaHood (Republican)Sanford D. Bishop (Democratic)David Scott (Democratic)Mike Carey (Republican)Claudia Tenney (Republican)Brad R. Wenstrup (Republican)Beth Van Duyne (Republican)Frederica S. Wilson (Democratic)Jackie Walorski (Republican)Steven Horsford (Democratic)Jimmy Panetta (Democratic)Michael F. Doyle (Democratic)Tony Cárdenas (Democratic)Suzan K. DelBene (Democratic)Scott H. Peters (Democratic)Jerry L. Carl (Republican)Angie Craig (Democratic)Donald M. Payne (Democratic)Billy Long (Republican)Danny K. Davis (Democratic)Michael Waltz (Republican)Daniel T. Kildee (Democratic)Jake Auchincloss (Democratic)David B. McKinley (Republican)Maria Elvira Salazar (Republican)Jason Smith (Republican)Lloyd Smucker (Republican)Kaiali'i Kahele (Democratic)Ann M. Kuster (Democratic)Gus M. Bilirakis (Republican)A. Drew Ferguson (Republican)Henry C. "Hank" Johnson (Democratic)Daniel Meuser (Republican)Don Bacon (Republican)André Carson (Democratic)Brendan F. Boyle (Democratic)Andy Barr (Republican)Mario Diaz-Balart (Republican)James R. Baird (Republican)John B. Larson (Democratic)David P. Joyce (Republican)Fred Upton (Republican)Carol D. Miller (Republican)Joe Wilson (Republican)Joseph D. Morelle (Democratic)Ann Wagner (Republican)Mike Kelly (Republican)Tom Rice (Republican)Dean Phillips (Democratic)David E. Price (Democratic)Brad Finstad (Republican)Raja Krishnamoorthi (Democratic)Jerrold Nadler (Democratic)Theodore E. Deutch (Democratic)Brian J. Mast (Republican)W. Gregory Steube (Republican)John H. Rutherford (Republican)Kathy Castor (Democratic)Betty McCollum (Democratic)Eleanor Holmes Norton (Democratic)Blaine Luetkemeyer (Republican)Mike Gallagher (Republican)Anthony Gonzalez (Republican)Jim Costa (Democratic)Julia Letlow (Republican)Garret Graves (Republican)Chris Jacobs (Republican)Donald S. Beyer (Democratic)Sam Graves (Republican)Mike Bost (Republican)Michael K. Simpson (Republican)David G. Valadao (Republican)James P. McGovern (Democratic)Michael R. Turner (Republican)Vicky Hartzler (Republican)Peter Welch (Democratic)Brian K. Fitzpatrick (Republican)Earl Blumenauer (Democratic)Tom Reed (Republican)Lori Trahan (Democratic)Charlie Crist (Democratic)Robert E. Latta (Republican)Seth Moulton (Democratic)Bill Posey (Republican)Suzanne Bonamici (Democratic)Josh Gottheimer (Democratic)Linda T. Sánchez (Democratic)Jason Crow (Democratic)Gwen Moore (Democratic)Jimmy Gomez (Democratic)Harold Rogers (Republican)Kweisi Mfume (Democratic)Tracey Mann (Republican)Bill Johnson (Republican)Troy Balderson (Republican)Chellie Pingree (Democratic)Bill Pascrell (Democratic)Grace F. Napolitano (Democratic)Michael Guest (Republican)Vern Buchanan (Republican)Judy Chu (Democratic)
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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).
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Business investment and capitalEconomic developmentFinancial services and investmentsIncome tax creditsInflation and prices
New Markets Tax Credit Extension Act of 2021
USA117th CongressHR-1321| House
| Updated: 2/25/2021
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).
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Terri A. Sewell
Democratic Representative
Alabama
Cosponsors (126)
Dwight Evans (Democratic)David Schweikert (Republican)Al Lawson (Democratic)Steve Chabot (Republican)Val Butler Demings (Democratic)Bob Gibbs (Republican)Tom O'Halleran (Democratic)Eric A. "Rick" Crawford (Republican)Jake LaTurner (Republican)Barbara Lee (Democratic)Robin L. Kelly (Democratic)Stephanie N. Murphy (Democratic)Don Young (Republican)Alexander X. Mooney (Republican)Karen Bass (Democratic)Joyce Beatty (Democratic)Steve Womack (Republican)Emanuel Cleaver (Democratic)Brian Higgins (Democratic)Warren Davidson (Republican)Scott Franklin (Republican)Neal P. Dunn (Republican)Carlos A. Gimenez (Republican)Carolyn B. Maloney (Democratic)Bill Foster (Democratic)Darin LaHood (Republican)Sanford D. Bishop (Democratic)David Scott (Democratic)Mike Carey (Republican)Claudia Tenney (Republican)Brad R. Wenstrup (Republican)Beth Van Duyne (Republican)Frederica S. Wilson (Democratic)Jackie Walorski (Republican)Steven Horsford (Democratic)Jimmy Panetta (Democratic)Michael F. Doyle (Democratic)Tony Cárdenas (Democratic)Suzan K. DelBene (Democratic)Scott H. Peters (Democratic)Jerry L. Carl (Republican)Angie Craig (Democratic)Donald M. Payne (Democratic)Billy Long (Republican)Danny K. Davis (Democratic)Michael Waltz (Republican)Daniel T. Kildee (Democratic)Jake Auchincloss (Democratic)David B. McKinley (Republican)Maria Elvira Salazar (Republican)Jason Smith (Republican)Lloyd Smucker (Republican)Kaiali'i Kahele (Democratic)Ann M. Kuster (Democratic)Gus M. Bilirakis (Republican)A. Drew Ferguson (Republican)Henry C. "Hank" Johnson (Democratic)Daniel Meuser (Republican)Don Bacon (Republican)André Carson (Democratic)Brendan F. Boyle (Democratic)Andy Barr (Republican)Mario Diaz-Balart (Republican)James R. Baird (Republican)John B. Larson (Democratic)David P. Joyce (Republican)Fred Upton (Republican)Carol D. Miller (Republican)Joe Wilson (Republican)Joseph D. Morelle (Democratic)Ann Wagner (Republican)Mike Kelly (Republican)Tom Rice (Republican)Dean Phillips (Democratic)David E. Price (Democratic)Brad Finstad (Republican)Raja Krishnamoorthi (Democratic)Jerrold Nadler (Democratic)Theodore E. Deutch (Democratic)Brian J. Mast (Republican)W. Gregory Steube (Republican)John H. Rutherford (Republican)Kathy Castor (Democratic)Betty McCollum (Democratic)Eleanor Holmes Norton (Democratic)Blaine Luetkemeyer (Republican)Mike Gallagher (Republican)Anthony Gonzalez (Republican)Jim Costa (Democratic)Julia Letlow (Republican)Garret Graves (Republican)Chris Jacobs (Republican)Donald S. Beyer (Democratic)Sam Graves (Republican)Mike Bost (Republican)Michael K. Simpson (Republican)David G. Valadao (Republican)James P. McGovern (Democratic)Michael R. Turner (Republican)Vicky Hartzler (Republican)Peter Welch (Democratic)Brian K. Fitzpatrick (Republican)Earl Blumenauer (Democratic)Tom Reed (Republican)Lori Trahan (Democratic)Charlie Crist (Democratic)Robert E. Latta (Republican)Seth Moulton (Democratic)Bill Posey (Republican)Suzanne Bonamici (Democratic)Josh Gottheimer (Democratic)Linda T. Sánchez (Democratic)Jason Crow (Democratic)Gwen Moore (Democratic)Jimmy Gomez (Democratic)Harold Rogers (Republican)Kweisi Mfume (Democratic)Tracey Mann (Republican)Bill Johnson (Republican)Troy Balderson (Republican)Chellie Pingree (Democratic)Bill Pascrell (Democratic)Grace F. Napolitano (Democratic)Michael Guest (Republican)Vern Buchanan (Republican)Judy Chu (Democratic)
Ways and Means Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Business investment and capitalEconomic developmentFinancial services and investmentsIncome tax creditsInflation and prices