S 456
New Markets Tax Credit Extension Act of 2021
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill permanently extends the New Markets Tax Credit, a program designed to encourage investment in economically distressed communities. It makes several changes to the credit, including adjusting the maximum amount available for inflation and allowing the credit to be used to offset the alternative minimum tax. These changes aim to make the credit more effective and accessible for businesses investing in these areas.
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Primary sponsor
Benjamin L. Cardin
Cosponsors
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