To amend the Internal Revenue Code of 1986 to double the maximum new market tax credits, and for other purposes.
New Markets Tax Credit Enhancement Act of 2004 - Amends the Internal Revenue Code to: (1) increase for 2004 through 2007 the limitation on the investment amounts for the new markets tax credit; and (2) direct the Secretary of the Treasury to issue regulations for the designation of low-income communities for purposes of the tax credit.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line