US HB5498 | 2015-2016 | 114th Congress

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on June 16 2016 - 25% progression, died in committee
Action: 2016-06-16 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Revitalize Our Cities Act This bill amends the Internal Revenue Code to extend through 2019 the period for designating an empowerment zone (an area in which tax incentives are allowed to increase investment and employment). The Department of Housing and Urban Development may designate, prior to January 1, 2018, 20 additional empowerment zones in urban areas in which the average unemployment rate and the average rate of residential and commercial foreclosures are each higher than that of the state within which the area is located for the period beginning January 1, 2012, and ending with the date of enactment of this bill.

Tracking Information

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Title

Revitalize Our Cities Act

Sponsors


History

DateChamberAction
2016-06-16HouseReferred to the House Committee on Ways and Means.
2016-06-16HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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