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
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
H.R. 5893, Investing in American Jobs and Closing Tax Loopholes Act of 2010
Introduced July 28, 2010
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
JCX 13-10: Description 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)
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)
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).
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.
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
Miscellaneous
H.R. 5263, Real Estate Investment Incentive Act of 2010
Introduced May 11, 2010
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