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]

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.

Tracking Information

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Title

Manufacturing Communities Investment Act

Sponsors


History

DateChamberAction
2014-01-07SenateRead 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


US Congress State Sources


Bill Comments

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