Summary: S.996 — 112th Congress (2011-2012)All Information (Except Text)

There is one summary for S.996. Bill summaries are authored by CRS.

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Introduced in Senate (05/12/2011)

New Markets Tax Credit Extension Act of 2011 - Amends the Internal Revenue Code to: (1) extend the new markets tax credit through 2016; (2) provide for an inflation adjustment to the limitation amount for such credit after 2012; and (3) allow an offset against the alternative minimum tax (AMT) for such credit.