S. 384: New Markets Tax Credit Extension Act of 2017
Before you vote › Federal bills
S. 384: New Markets Tax Credit Extension Act of 2017
115th Congress · introduced 2017-02-15 · Taxation · Latest: Read twice and referred to the Committee on Finance.
federal
Follow this bill, step by step
- Where it came from: introduced 2017-02-15 · official record
- Who proposed it: Sen. Blunt, Roy [R-MO] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Read twice and referred to the Committee on Finance. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
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 Senate), 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 Senate)
AI explanation – may be wrong, check the official text
No AI explanation yet. It takes up to a minute to write and is then saved for everyone.
Limited to a few requests an hour per person.
The strongest published arguments
Arguments for (supporters)
Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.
Arguments against (opponents)
Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.
Alternatives
Needs sources: no published alternatives yet (for example a different bill, a law instead of an amendment, or keeping current law). We only show items backed by a published source. Suggest one.
How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Sen. Blunt, Roy [R-MO] · 21 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Charles E. Schumer (D-NY), Kirsten E. Gillibrand (D-NY), Roger F. Wicker (R-MS), Shelley Moore Capito (R-WV), Maria Cantwell (D-WA), Steve Daines (R-MT), John Boozman (R-AR), Tina Smith (D-MN), Cindy Hyde-Smith (R-MS), Chris Van Hollen (D-MD), Tim Scott (R-SC), Patty Murray (D-WA), Susan M. Collins (R-ME), Catherine Cortez Masto (D-NV), John Kennedy (R-LA)
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
- Congressional Research Service summary (Introduced in Senate)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-115s384.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/115/s>
Record fed-us-cong115-s384 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115