legislation: 116-hr-8965

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
116-hr-8965 116 hr 8965 New Markets Stabilization Act Taxation 2020-12-14 2020-12-14 Referred to the House Committee on Ways and Means. House Rep. Sewell, Terri A. [D-AL-7] AL D S001185 1 New Markets Stabilization Act This bill modifies provisions of the new markets tax credit (NMTC). Specifically, it increases and extends the NMTC limitation through 2022 and allows a carryback of the credit for five years. The bill also exempts the NMTC from the 75% general business credit limitation, revises debt modification rules for NMTC issuers and borrowers, and permanently exempts the NMTC from the alternative minimum tax. 2023-01-11T13:43:59Z https://www.congress.gov/bill/116th-congress/house-bill/8965

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