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house Bill H.R. 4365

New Markets Tax Credit Extension Act of 2014

bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on Ways and Means
    IntroducedApril 2nd, 2014

Bill Details

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Title

New Markets Tax Credit Extension Act of 2014

Official Title

To amend the Internal Revenue Code of 1986 to permanently extend the new markets tax credit, and for other purposes.

Summary

New Markets Tax Credit Extension Act of 2014 - Amends the Internal Revenue Code to: (1) make permanent the new markets tax credit, (2) provide for an inflation adjustment to the limitation amount for such credit after 2013, and (3) allow an offset against the alternative minimum tax (AMT) for such credit (determined with respect to qualified equity investments initially made after the enactment of this Act).

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