Pipeline · Bill → Law
Step 1
Introduced
Feb 2, 2023
Step 2
Referred
Feb 2, 2023
Banking, Housing, and Urban Affairs · Finance
Step 3
Committee
Apr 16, 2024
Step 4
Senate
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
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).
Timeline · 3 actions
Apr 16, 2024
Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held.
Feb 2, 2023
Introduced in Senate
Feb 2, 2023
Read twice and referred to the Committee on Finance.