Summary: S.750 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.750. Bill summaries are authored by CRS.

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Introduced in Senate (03/12/2019)

New Markets Tax Credit Extension Act of 2019

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).