S. 750: New Markets Tax Credit Extension Act of 2019
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S. 750: New Markets Tax Credit Extension Act of 2019
116th Congress · introduced 2019-03-12 · Taxation · Latest: Read twice and referred to the Committee on Finance.
federal
Follow this bill, step by step
- Where it came from: introduced 2019-03-12 · 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 2019
Plain summary
New Markets Tax Credit Extension Act of 201 9 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 2018, and (2) allow an offset against the alternative minimum tax for the credit (determined with respect to qualified equity investments initially made after 2018).
Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.
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What does this mean? (plain words)
Official text
New Markets Tax Credit Extension Act of 2019
Source: Congressional Research Service summary (Introduced in Senate)
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Sen. Blunt, Roy [R-MO] · 37 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Charles E. Schumer (D-NY), Tim Scott (R-SC), Maria Cantwell (D-WA), Steve Daines (R-MT), Shelley Moore Capito (R-WV), Cindy Hyde-Smith (R-MS), Tina Smith (D-MN), Roger F. Wicker (R-MS), John Boozman (R-AR), Catherine Cortez Masto (D-NV), Patty Murray (D-WA), Margaret Wood Hassan (D-NH), Marsha Blackburn (R-TN), Amy Klobuchar (D-MN), Michael F. Bennet (D-CO), Susan M. Collins (R-ME), Jeff Merkley (D-OR), Mark R. Warner (D-VA), John Kennedy (R-LA), John Hoeven (R-ND), Bill Cassidy (R-LA), Gary C. Peters (D-MI), Jerry Moran (R-KS), Deb Fischer (R-NE)
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-116s750.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/116/s>
Record fed-us-cong116-s750 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116