US HB5718 | 2011-2012 | 112th Congress
Status
May 10 2012 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code, with respect to the new markets tax credit, to expand criteria for the designation of a census track with a population of less than 2,000 as a low-income community for purposes of such credit to include consideration of the poverty rate, median family income, or unemployment rate in such community.
Title
To amend the Internal Revenue Code of 1986 to revise the new market tax credit rules for population census tracts with low populations.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2012-05-10 | House | Referred to the House Committee on Ways and Means. |
Subjects
Business investment and capital
Economic development
Financial services and investments
Income tax credits
Taxation
Economic development
Financial services and investments
Income tax credits
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | http://thomas.loc.gov/cgi-bin/bdquery/z?d112:HN05718:@@@L&summ2=m& |
| Text | http://gpo.gov/fdsys/pkg/BILLS-112hr5718ih/pdf/BILLS-112hr5718ih.pdf |
