NMTC Legislation 2011-2012

Enacted Legislation

Alaska S.B. 66
Enacted June 13, 2012

Introduced Legislation

New Markets Tax Credit Extension

H.R. 8, American Taxpayer Relief Act of 2012
July 24, 2012

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Estimated Revenue Effects of the Amendments to H.R. 8 January 1, 2013

H.R. 5718, to amend the Internal Revenue Code of 1986 to revise the new markets tax credit rules for population census tracts with low populations
May 10, 2012

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S. 1813, to reauthorize Federal-aid highway and highway safety construction programs, and for other purposes
February 6, 2012

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Amendments

S. , Amendment Related to the Highway Investment Job Creation and Economic Growth Act of 2012
February 7, 2012

H.R. 3224, New Markets Tax Credit Enhancement Act
October 14, 2011

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H.R. 2655, New Markets Tax Credit Extension Act of 2011
July 26, 2011

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S. 996, New Markets Tax Credit Extension Act of 2011
May 12, 2011

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Allowance of NMTC Against AMT

H.R. 992 Building American Jobs Act of 2011
March 10, 2011

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Disaster Relief

S. 1456, The Disaster Tax Relief Act of 2011
August 1, 2011

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H.R. 2718 (S. 1456 companion bill)
August 1, 2011

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State NMTC Programs

North Carolina H.B. 1149, New Markets Job Act
Introduced May 24, 2012

Ohio H.B. 558, to make various changes to the administration of the new markets tax credit
Introduced May 23, 2012

Alabama H.B. 257, Alabama New Markets Development Act
Enacted May 2012

Mississippi H.B. 1257, to revise certain provisions regarding the qualified equity investment tax credit
Enacted April 19, 2012

Ohio H.B. 511, to accelerate the receipt of new markets tax credit installments
Introduced April 12, 2012

Ohio S.B. 327, to increase the amount of new markets tax credits that can be awarded
Engrossed December 5, 2012

Nebraska L.B. 1128, to adopt the New Markets Job Growth Investment Act
Enacted April 10, 2012

Missouri H.B. 1593, to change the laws regarding the New Markets Development Program
Engrossed April 5, 2012

Maine H.P. 256, to alter the QALICB requirements for the new markets capital investment tax credit
Enacted March 30, 2012

Florida H.B. 7087, to increase the limits on credits available under the New Markets Development Program
Enacted March 28, 2012

Arizona S.B. 1301, New Markets Jobs Growth Investment Initiative
Engrossed February 27, 2012

Hawaii H.B. 2387, Relating to New Markets Tax Credits
Introduced January 25, 2012

Hawaii S.B. 2895, Relating to New Markets Tax Credits
Introduced January 25, 2012

New Mexico H.B. 176, to create a new markets tax credit program
Introduced January 24, 2012

New Mexico H.B. 146, providing for the development of a state new markets tax credit program
Introduced January 23, 2012

Indiana H.B. 1248, New Markets Job Growth Tax Credit Program
Introduced January 9, 2012

California A.B. 643, California New Markets Tax Credit Program
Introduced January 4, 2012

Florida H.B. 1119, revises limits on tax credits claimed under the New Markets Development Program
Introduced December 22, 2011)

Florida S.B. 1150, increases the total amount of credits available under the New Markets Development Program
Introduced December 6, 2011

Oregon S.B. 817, Oregon Low Income Community Jobs Initiative
Enacted August 5, 2011

Connecticut S.B. 1216, to Align the Urban and Industrial Sites Reinvestment Program with the Federal NMTC Program
Enacted July 8, 2011

Maine L.D. 1043, New Markets Capital Investment Program
Enacted June 20, 2011

Louisiana S.B. 99, to Authorize Additional Funds for the State NMTC Program
Introduced April 25, 2011

New York S. 2810, 2011-2012 Budget
Enacted March 31, 2011

Massachusetts H.B. 760, Neighborhood Stabilization Tax Credit Program
Introduced March 7, 2011

Alaska H.B. 120, New Markets Tax Credit Assistance Guarantee and Loan Program
Introduced January 24, 2011

Alaska S.B. 66 (Companion Bill)
Introduced January 24, 2011

Hawaii S.B. 831, New Markets Tax Credit Program
Introduced January 21, 2011

Missouri S.B. 139, to Subject All State Tax Credits to Appropriations
Introduced January 19, 2011

Missouri S.B. 141, to Limit Campaign Contributors' Receipt of Tax Credits
Introduced January 19, 2011

Oregon S.B. 193, New Markets Development Program
Introduced January 10, 2011

Miscellaneous

H.R. 2740, to Treat Certain Population Census Tracts as Low-Income Communities
Introduced August 1, 2011