H.R. 1098 · 115th Congress · 2017–2018
New Markets Tax Credit Extension Act of 2017
H.R. 1098 in the 115th Congress (2017–2018) was introduced on Feb 15, 2017, sponsored by Patrick J. Tiberi with 103 co-sponsors.
During the 115th Congress (2017–2018), Donald Trump was president, and Republicans held majorities in both the House and Senate.
- Status
- Introduced
- Introduced
- Feb 15, 2017
- Co-sponsors
- 103
- Policy area
- Taxation
What it does
New Markets Tax Credit Extension Act of 201 7 This bill 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 2016, and (3) allow an offset against the alternative minimum tax for such credit (determined with respect to qualified equity investments initially made after 2016).
Summary by the nonpartisan Congressional Research Service.
Sponsor
Patrick J. Tiberi (R-OH). Co-sponsors: 56 Democrats, 47 Republicans.
Where it stands
- IntroducedFeb 15, 2017
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: ASSUMING FIRST SPONSORSHIP - Mr. Reed asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 1098, a bill originally introduced by Representative Tiberi, for the purp (Jan 30, 2018)
More bills from Patrick J. Tiberi in the 115th Congress
Other Taxation bills in the 115th Congress
- H.R. 3823: Disaster Tax Relief and Airport and Airway Extension Act of 2017
- H.R. 1: Tax Cuts and Jobs Act
- H.R. 25: FairTax Act of 2017
- H.R. 173: Middle Class Health Benefits Tax Repeal Act of 2017
- H.R. 184: Protect Medical Innovation Act of 2017
- S. 236: Craft Beverage Modernization and Tax Reform Act of 2017
- H.R. 247: Health Savings Account Expansion Act of 2017
- H.R. 367: Hearing Protection Act of 2017
- S. 407: Building Rail Access for Customers and the Economy Act
- S. 540: Mobile Workforce State Income Tax Simplification Act of 2017
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 1098 (115th Congress): New Markets Tax Credit Extension Act of…,” https://www.capitolreceipts.com/bill/115-hr-1098/new-markets-tax-credit-extension-act-of-2017 (accessed 2026-10-17).