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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      House Committee on Ways and Means
    IntroducedOctober 30th, 2013

Bill Details

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Title

New Markets Tax Credit Military Installation Act of 2013

Official Title

To amend the Internal Revenue Code of 1986 to provide for the permanent application of the new markets tax credit for the redevelopment of communities impacted by realignment or closure of military installations.

Summary

New Markets Tax Credit Military Installation Act of 2013 or the NMTC Military Installation Act - Amends the Internal Revenue Code, with respect to the new markets tax credit, to direct the Secretary of the Treasury to allocate in 2014 and thereafter funds in the limitation amount for such credit among qualified community development entities to make qualified low-income community investments within the former boundaries of military installations realigned or closed due to a base closure law.

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