H.R.2655 - New Markets Tax Credit Extension Act of 2011

New Markets Tax Credit Extension Act of 2011 view all titles (3)

All Bill Titles

  • Official: New Markets Tax Credit Extension Act of 2011 as introduced.
  • Official: To amend the Internal Revenue Code of 1986 to extend the new markets tax credit through 2016, and for other purposes. as introduced.
  • Short: New Markets Tax Credit Extension Act of 2011 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
07/25/11
 
 
 
 
 
 
 

Sponsor

Representative

Jim Gerlach

R-PA

View Co-Sponsors (86)

Official Summary

7/26/2011--Introduced.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 alt

Official Summary

7/26/2011--Introduced.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).

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