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]
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.
Title
Revitalize Our Cities Act
Sponsors
Rep. Jerry McNerney [D-CA] |
History
Date | Chamber | Action |
---|---|---|
2016-06-16 | House | Referred to the House Committee on Ways and Means. |
2016-06-16 | House | Introduced in House |
Subjects
Business investment and capital
Economic performance and conditions
Employee hiring
Housing finance and home ownership
Income tax credits
Income tax deductions
Income tax exclusion
Securities
Taxation
Unemployment
Urban and suburban affairs and development
Wages and earnings
Economic performance and conditions
Employee hiring
Housing finance and home ownership
Income tax credits
Income tax deductions
Income tax exclusion
Securities
Taxation
Unemployment
Urban and suburban affairs and development
Wages and earnings
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/house-bill/5498/all-info |
Text | https://www.congress.gov/114/bills/hr5498/BILLS-114hr5498ih.pdf |