S. 1133: New Markets Tax Credit Extension Act of 2013

Introduced:
Jun 11, 2013
Status:
Referred to Committee
Prognosis
0% chance of being enacted
Track this bill
Sponsor
John “Jay” Rockefeller IV
Senior Senator from West Virginia
Party
Democrat
Text
Read Text »
Last Updated
Jun 11, 2013
Length
3 pages
Related Bills
S. 996 (112th) was a previous version of this bill.

Referred to Committee
Last Action: May 12, 2011

H.R. 4365 (Related)
New Markets Tax Credit Extension Act of 2014

Referred to Committee
Last Action: Apr 02, 2014

 
Status

This bill was assigned to a congressional committee on June 11, 2013, which will consider it before possibly sending it on to the House or Senate as a whole.

Progress
Introduced Jun 11, 2013
Referred to Committee Jun 11, 2013
Reported by Committee ...
Passed Senate ...
Passed House ...
Signed by the President ...
Prognosis

1% chance of getting past committee.
0% chance of being enacted.

Only 11% of bills made it past committee and only about 3% were enacted in 2011–2013. [show factors | methodology]

 
Full Title

A bill to amend the Internal Revenue Code of 1986 to permanently extend the new markets tax credit, and for other purposes.

Summary

No summaries available.

Cosponsors
7 cosponsors (4R, 3D) (show)
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

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Citation

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


6/11/2013--Introduced.
New Markets Tax Credit Extension Act of 2013 - 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 2013, and (3) allow an offset against the alternative minimum tax (AMT) for such credit (determined with respect to qualified equity investments initially made before January 1, 2014).

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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