US SB1896 | 2013-2014 | 113th Congress
Status
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Introduced on January 7 2014 - 25% progression, died in committee
Action: 2014-01-07 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 7 2014 - 25% progression, died in committee
Action: 2014-01-07 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Manufacturing Communities Investment Act - Amends the Internal Revenue Code, with respect to the new markets tax credit, to: (1) increase to $5 billion and extend through 2016 the national limitation amount for such credit, and (2) allow an additional $1 billion allocation of such credit in 2014, 2015, and 2016, for a qualified community development entity only if a significant mission of such entity is providing investments and services to manufacturing businesses in communities that have suffered major manufacturing job losses or a major job loss event.
Title
Manufacturing Communities Investment Act
Sponsors
Sen. Sherrod Brown [D-OH] | Sen. Angus King [I-ME] | Sen. Amy Klobuchar [D-MN] | Sen. Jeff Merkley [D-OR] |
Sen. John Walsh [D-MT] |
History
Date | Chamber | Action |
---|---|---|
2014-01-07 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB3735 (Same As) 2013-12-12 - Referred to the House Committee on Ways and Means.
Subjects
Business investment and capital
Housing and community development funding
Income tax credits
Manufacturing
Taxation
Housing and community development funding
Income tax credits
Manufacturing
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/113th-congress/senate-bill/1896/all-info |
Text | https://www.congress.gov/113/bills/s1896/BILLS-113s1896is.pdf |