Rep. Alcee L. Hastings (D-Fla.) has introduced new legislation that would, among other things, allow New Markets Tax Credit investments made between March 15, 2010 and January 1, 2012 to offset the alternative minimum tax. The American Infrastructure Investment Act (H.R. 6181) would also extend the Recovery Zone Bond program through 2011 and the Build America Bond program through 2012. The bill is co-sponsored by Reps. Ron Klein (D-Fla.) and Theodore E. Deutch (D-Fla.) and has been referred to the House Committee on Ways and Means for consideration. Read More…