PSI Sci
New here? Follow the money and the votes · Not sure of your district? Find your U.S. House member · Find your state legislators

H.R. 1321: New Markets Tax Credit Extension Act of 2021

Before you vote › Federal bills

H.R. 1321: New Markets Tax Credit Extension Act of 2021

117th Congress · introduced 2021-02-25 · Taxation · Latest: Referred to the House Committee on Ways and Means.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2021-02-25 · official record
  2. Who proposed it: Rep. Sewell, Terri A. [D-AL-7] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the House Committee on Ways and Means. 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 2021

Plain summary

New Markets Tax Credit Extension Act of 2021 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 2021, and (2) allow an offset against the alternative minimum tax for the credit (determined with respect to qualified equity investments initially made after 2020).

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 2021

Source: Congressional Research Service summary (Introduced in House)

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: Rep. Sewell, Terri A. [D-AL-7] · 126 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

John B. Larson (D-CT), Danny K. Davis (D-IL), Linda T. Sánchez (D-CA), Suzan K. DelBene (D-WA), Gwen Moore (D-WI), Donald S. Beyer, Jr. (D-VA), Dwight Evans (D-PA), Jimmy Panetta (D-CA), Vern Buchanan (R-FL), Mike Kelly (R-PA), Jason Smith (R-MO), David Schweikert (R-AZ), Darin LaHood (R-IL), Lloyd Smucker (R-PA), Brian K. Fitzpatrick (R-PA), Jim Costa (D-CA), James P. McGovern (D-MA), Bill Foster (D-IL), Neal P. Dunn (R-FL), Don Bacon (R-NE), Jason Crow (D-CO), Robert E. Latta (R-OH), Joyce Beatty (D-OH), Eleanor Holmes Norton (D-DC), Michael R. Turner (R-OH), James R. Baird (R-IN), John H. Rutherford (R-FL), Robin L. Kelly (D-IL), Steven Horsford (D-NV), Lori Trahan (D-MA), Joseph D. Morelle (D-NY), Chellie Pingree (D-ME), Betty McCollum (D-MN), Jimmy Gomez (D-CA), Suzanne Bonamici (D-OR), Scott H. Peters (D-CA), Ann Wagner (R-MO), Josh Gottheimer (D-NJ), Warren Davidson (R-OH), Gus M. Bilirakis (R-FL), Frederica S. Wilson (D-FL), Kathy Castor (D-FL), Mario Diaz-Balart (R-FL), Troy Balderson (R-OH) and 66 more.

Sponsor's campaign money: Rep. Sewell, Terri A. [D-AL-7] reported raising $2.3 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

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-cong117-hr1321 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117