NMTC Legislation 2009-2010

Enacted Legislation

Tax Extenders

PL 111-312 (H.R.4853), Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010
December 17, 2010

Related Web Page: Tax Extenders Hot Topics

State NMTC Programs

Kentucky H.B. 2, New Markets Development Program
Enacted May 28, 2010

Economic Recovery

H.R. 1, American Recovery and Reinvestment Act of 2009
Senate version as of February 7, 2009

Senate Appropriations Committee Summary of ARRA Conference Report
February 12, 2009

Full Summary of Provisions from Senate Finance and House Ways & Means Committees
February 12, 2009)

Side-By-Side Chart of Notable Differences Between the Senate-Passed and the House-Passed American Recovery and Reinvestment Act of 2009
February 10, 2009

JCX-17-09: Estimated Budget Effects Of The Revenue Provisions Contained In The Collins-Nelson Amendment (# 570) In The Nature Of A Substitute To The "American Recovery And Reinvestment Tax Act Of 2009," Under Consideration By The Senate
February 10, 2009

Summary of Finance Provisions as Amended on the Floor through 2/7, Plus Expected Elements of the Collins-Nelson Amendment
February 9, 2009

Introduced Legislation

Allowance of NMTC Against AMT

H.R. 6181, American Infrastructure Investment Act
Introduced September 22, 2010

Cosponsors     More information

H.R. 5893, Investing in American Jobs and Closing Tax Loopholes Act of 2010
Introduced July 28, 2010

Cosponsors     More information

JCX-39-10 Technical Explanation Of The Revenue Provisions Of H.R. 5893, The “Investing In American Jobs And Closing Tax Loopholes Act Of 2010 (July 29, 2010)

JCX-40-10 Estimated Revenue Effects Of H.R. 5893, The Investing In American Jobs And Closing Tax Loopholes Act Of 2010 (July 29, 2010)

Estimated Revenue Effects of H.R. 5893, Investing in American Jobs and Closing Tax Loopholes Act of 2010 (July 28, 2010)

Summary of H.R. 5893, Investing in American Jobs and Closing Tax Loopholes Act of 2010 (July 28, 2010)

H.R. 4849, the Small Business And Infrastructure Jobs Tax Act Of 2010
Introduced March 16, 2010

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JCX 12-10: Estimated Revenue Effects Of H.R. 4849, The “Small Business And Infrastructure Jobs Tax Act Of 2010,” Scheduled For Markup By The Committee on Ways And Means On March 17, 2010 (March 16, 2010)

JCX 13-10: Description Of H.R. 4849, The “Small Business And Infrastructure Jobs Tax Act Of 2010” (March 16, 2010)

JCX 14-10: Description Of An Amendment In The Nature Of A Substitute To The Provisions Of H.R. 4849, The “Small Business And Infrastructure Jobs Tax Act Of 2010” (March 16, 2010)

JCX 15-10: Estimated Revenue Effects Of The Chairman’s Amendment In The Nature Of A Substitute To H.R. 4849, The “Small Business And Infrastructure Jobs Tax Act Of 2010” Scheduled For Markup By The Committee on Ways And Means On March 17, 2010 (March 16, 2010)

CBO Cost estimate for H.R. 4849, as ordered reported by the House Committee on Ways and Means on March 17, 2010 (March 19, 2010)

JCX 21-10: A Description Of The Revenue Provisions Added Or Modified By The Manager’s Amendment To H.R. 4849 (March 23, 2010)

JCX 22-10: Estimated Revenue Effects Of H.R. 4849, The “Small Business And Infrastructure Jobs Tax Act Of 2010,” As Amended, Scheduled For Consideration By The House Of Representatives On March 24, 2010 (March 24, 2010)

NMTC Coalition Comment Letter to Rep. Levin and Rep. Camp (March 16, 2010)

Extenders

H.R. 4213, Tax Extenders Act of 2009
(Introduced December 7, 2009)

Click here to go to the Tax Extenders of 2009 Hot Topics page for more information

NMTC Extension

S. 1583, the New Markets Tax Credit Extension Act of 2009
Introduced by Sen. Jay Rockefeller on August 5, 2009

Would extend the NMTC for five years throught 2014 and provide $5 billion in annual NMTC allocation authority. Would permit the NMTC to offset the alternative minimum tax (AMT).

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H.R. 2628, New Markets Tax Credit Extension Act of 2009
Introduced by Rep. Richard Neal on May 21, 2009

Would amend the Internal Revenue Code of 1986 to extend the new markets tax credit through 2013, among other purposes.

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H.R. 473, To extend eligibility under the new markets tax credit for community development entities created or organized in American Samoa, the Commonwealth of the Northern Mariana Islands, Guam, Puerto Rico, and the Virgin Islands
Introduced January 13, 2009

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Miscellaneous

H.R. 5263, Real Estate Investment Incentive Act of 2010
Introduced May 11, 2010

Cosponsors     More information

State NMTC Programs

Wisconsin A.B. 642, State New Markets Tax Credit Program
Introduced January 4, 2010

Oregon S.B. 878, State New Markets Tax Credit Program
Introduced March 9, 2009

Texas, S.B. 1429, State New Markets Tax Credit Program
Introduced March 6, 2009

Bill Status