Finally, we will also consider the Taxpayer Certainty and Disaster Tax Relief Act, which provides needed certainty for businesses making use of tax provisions that expired in 2017 and 2018, as well as some set to expire this year. I’ve long championed two of these provisions in particular – the New Market Tax Credit and the Work Opportunity Tax Credit. The legislation also provides better and more dependable support for victims of federally-declared disasters.
He will support extending certain expiring tax provisions, including the New Markets Tax Credit and Work Opportunity Tax Credit, while providing disaster tax relief.
Occurrences
Evidence
Congress.gov records H.R.1865 as becoming Public Law No. 116-94 on December 20, 2019. Its CRS summary identifies Division Q as the Taxpayer Certainty and Disaster Tax Relief Act of 2019 and states that it extended through 2020 the new markets tax credit limitation, the work opportunity tax credit, and provided disaster tax relief.
The Clerk records Roll Call 689 on H.R.1865 as passed, 297 yeas to 120 nays. The member list shows Neal, Democratic, Massachusetts, voting Yea.
Public Law 116-94, Division Q, is titled the Taxpayer Certainty and Disaster Tax Relief Act of 2019. Its table of contents lists Title I, Extension of Certain Expiring Provisions, including Sec. 141 New markets tax credit and Sec. 143 Work opportunity credit, followed by Title II, Disaster Tax Relief.
Congress.gov records H.R.133 as becoming Public Law No. 116-260 on December 27, 2020. Its summary identifies Division EE as the Taxpayer Certainty and Disaster Tax Relief Act of 2020, extending tax provisions including the new markets tax credit through 2025 and providing disaster-related tax relief.
Public Law 116-260, Division EE, is the Taxpayer Certainty and Disaster Tax Relief Act of 2020. Sec. 112 amends the new markets tax credit for each calendar year 2020 through 2025; Sec. 113 amends the work opportunity credit by replacing December 31, 2020 with December 31, 2025; Title III is Disaster Tax Relief.
The Clerk records Roll Call 251 on H.R.133 as passed, 359 yeas to 53 nays. The member list shows Neal, Democratic, Massachusetts, voting Yea.
Assessments
The promised package was enacted while Neal remained in federal office. Public Law 116-94 in December 2019 extended the New Markets Tax Credit and Work Opportunity Tax Credit and included disaster tax relief, and Public Law 116-260 in December 2020 extended both credits further through 2025 with disaster tax relief. Neal voted for both enacted bills, which is sufficient support in the federal House context for this promise.