118th Congress Taxation
S. 234: New Markets Tax Credit Extension Act of 2023
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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 2023, and (2) allow an offset against the alternative minimum tax for the credit (determined with respect to qualified equity investments initially made after 2022).
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Marsha Blackburn R-TNOriginal
- Maria Cantwell D-WAOriginal
- Bill Cassidy R-LAOriginal
- Steve Daines R-MTOriginal
- Robert Menendez D-NJOriginal
- Charles Schumer D-NYOriginal
- Tim Scott R-SCOriginal
- Cindy Hyde-Smith R-MS
- Jeanne Shaheen D-NH
- Roger Wicker R-MS
- Mark Warner D-VA
- John Boozman R-AR
- Amy Klobuchar D-MN
- Jerry Moran R-KS
- Peter Welch D-VT
- Robert Casey D-PA
- Lindsey Graham R-SC
- Deb Fischer R-NE
- Kyrsten Sinema I-AZ
- Mark Kelly D-AZ
- Pete Ricketts R-NE
- Sherrod Brown D-OH
Who scored on this bill
- 1Benjamin Cardin SponsorDrew cross-party cosponsors, introduced2 events+6
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
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History
- Introduced in the Senate by Benjamin Cardin.
Show the full action history (3 actions)
- Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held. With printed Hearing: S.Hrg. 118-555.
- Introduced in Senate
- Read twice and referred to the Committee on Finance.