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S. 996

BillFederalSenateIn Committee
New Markets Tax Credit Extension Act of 2011
About This Bill
Committee
Latest Action · May 12, 2011
Read twice and referred to the Committee on Finance.
Congress
112th (2011–2013)
Introduced
May 12, 2011
Cosponsors (28)
23D 5R
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Summary

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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.

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