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H.R. 1098: New Markets Tax Credit Extension Act of 2017

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H.R. 1098: New Markets Tax Credit Extension Act of 2017

115th Congress · introduced 2017-02-15 · Taxation · Latest: ASSUMING FIRST SPONSORSHIP - Mr. Reed asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 1098, a bill originally introduced by Representative Tiberi, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2017-02-15 · official record
  2. Who proposed it: Rep. Tiberi, Patrick J. [R-OH-12] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: ASSUMING FIRST SPONSORSHIP - Mr. Reed asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 1098, a bill originally introduced by Representative Tiberi, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

New Markets Tax Credit Extension Act of 2017

Plain summary

New Markets Tax Credit Extension Act of 201 7 This bill 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 2016, and (3) allow an offset against the alternative minimum tax for such credit (determined with respect to qualified equity investments initially made after 2016).

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

New Markets Tax Credit Extension Act of 2017

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Tiberi, Patrick J. [R-OH-12] · 103 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Richard E. Neal (D-MA), Mike Kelly (R-PA), Jason Smith (R-MO), Danny K. Davis (D-IL), Mike Thompson (D-CA), Terri A. Sewell (D-AL), John B. Larson (D-CT), Linda T. Sánchez (D-CA), Michael R. Turner (R-OH), David P. Joyce (R-OH), Eleanor Holmes Norton (D-DC), Vern Buchanan (R-FL), Lloyd Smucker (R-PA), Gus M. Bilirakis (R-FL), Suzan K. DelBene (D-WA), Mario Diaz-Balart (R-FL), David G. Valadao (R-CA), Joyce Beatty (D-OH), James P. McGovern (D-MA), Chellie Pingree (D-ME), Kathy Castor (D-FL), Mark Pocan (D-WI), Marcy Kaptur (D-OH) and 43 more.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong115-hr1098 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115