New Markets Tax Credit Extension Act of 2007
Latest action · Apr 30, 2007 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 30, 2007
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
New Markets Tax Credit Extension Act of 2007 - Amends the Internal Revenue Code to: (1) extend the new markets tax credit through 2013; and (2) provide for an inflation adjustment to the limitation amount for such credit after 2008.
Cosponsors 51
Members who signed on, in the order they did. Signatures ran from Apr 30, 2007 to Oct 2, 2008; 10 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-OH | Deborah Pryce | Original | Apr 30, 2007 |
| D-OR | Earl Blumenauer | Original | Apr 30, 2007 |
| R-OK | Frank D. Lucas | Original | Apr 30, 2007 |
| D-WA | Jim McDermott | Original | Apr 30, 2007 |
| R-MN | Jim Ramstad | Original | Apr 30, 2007 |
| R-PA | Phil English | Original | Apr 30, 2007 |
| R-KY | Ron Lewis | Original | Apr 30, 2007 |
| D-GA | Sanford D. Bishop, Jr. | Original | Apr 30, 2007 |
| D-OH | Stephanie Tubbs Jones | Original | Apr 30, 2007 |
| D-LA | William J. Jefferson | Original | Apr 30, 2007 |
| D-AL | Artur Davis | May 1, 2007 | |
| R-CT | Christopher Shays | May 1, 2007 | |
| R-IL | Jerry Weller | May 2, 2007 | |
| D-GA | John Lewis | May 2, 2007 | |
| D-ME | Michael H. Michaud | May 2, 2007 | |
| R-NY | John M. McHugh | May 3, 2007 | |
| D-IL | Rahm Emanuel | May 9, 2007 | |
| D-CA | Diane E. Watson | May 16, 2007 | |
| D-AL | Robert E. (Bud) Cramer Jr. | May 16, 2007 | |
| R-TX | Michael T. McCaul | May 22, 2007 | |
| R-NC | Sue Wilkins Myrick | May 22, 2007 | |
| D-MN | Collin C. Peterson | Jun 5, 2007 | |
| R-NE | Jeff Fortenberry | Jun 5, 2007 | |
| D-GA | Jim Marshall | Jun 5, 2007 | |
| D-CA | Xavier Becerra | Jun 5, 2007 | |
| D-PA | Allyson Y. Schwartz | Jun 12, 2007 | |
| D-MI | Dale E. Kildee | Jun 13, 2007 | |
| D-NC | David E. Price | Jun 26, 2007 | |
| R-LA | Richard H. Baker | Jun 26, 2007 | |
| R-OH | Steve Chabot | Jun 26, 2007 | |
| D-CA | Joe Baca | Jun 28, 2007 | |
| D-OH | Zachary T. Space | Jul 11, 2007 | |
| D-ME | Thomas H. Allen | Jul 18, 2007 | |
| D-OR | David Wu | Sep 5, 2007 | |
| D-OK | Dan Boren | Sep 18, 2007 | |
| D-CA | Jerry McNerney | Sep 24, 2007 | |
| R-OH | Jean Schmidt | Oct 10, 2007 | |
| D-OH | Charles A. Wilson | Oct 31, 2007 | |
| D-OH | Tim Ryan | Oct 31, 2007 | |
| D-OH | Marcy Kaptur | Nov 6, 2007 | |
| R-OH | Michael R. Turner | Nov 6, 2007 | |
| R-OH | Steven C. LaTourette | Dec 5, 2007 | |
| D-OH | Betty Sutton | Dec 6, 2007 | |
| D-NY | Brian Higgins | Dec 17, 2007 | |
| D-DC | Eleanor Holmes Norton | Dec 17, 2007 | |
| R-OK | Tom Cole | Feb 12, 2008 | |
| R-OK | Mary Fallin | Feb 27, 2008 | |
| D-VT | Peter Welch | Jul 15, 2008 | |
| D-CA | Bob Filner | Jul 23, 2008 | |
| D-MA | Niki Tsongas | Sep 9, 2008 | |
| D-MD | Chris Van Hollen | Oct 2, 2008 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Apr 30, 2007 |
Actions 3
Everything that happened, newest first.
- Apr 30, 2007Introduced in House
- Apr 30, 2007Sponsor introductory remarks on measure. (CR E888-889)
- Apr 30, 2007Referred to the House Committee on Ways and Means.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Extensions | Debate and remarks E888, E890 | Richard E. Neal D-MA, Ron Lewis R-KY | Apr 30, 2007 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1239 | New Markets Tax Credit Extension Act of 2007 | Identical bill | Apr 26, 2007 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to extend the new markets tax credit through 2013, and for other purposes.
- Short Titles as Introduced
- New Markets Tax Credit Extension Act of 2007
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Apr 30, 2007Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
