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H.R. 855: New Markets Tax Credit Extension Act of 2015

Title: New Markets Tax Credit Extension Act of 2015

Introduced: Feb 10, 2015 (114th Congress)

Sponsor: Rep. Patrick "Pat" J. Tiberi [R-OH12]

Status: Referred to Committee - Referred to the House Committee on Ways and Means.

Summary: New Markets Tax Credit Extension Act of 2015 Amends the Internal Revenue Code to: (1) make permanent the new markets tax credit, (2) provide for an inflation adjustment to the limitation amount for such credit after 2014, and (3) allow an offset against the alternative minimum tax for such credit (determined with respect to qualified equity investments initially made after the enactment of this Act).

Votes

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