US HB6403 | 2015-2016 | 114th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on November 30 2016 - 25% progression, died in committee
Action: 2016-11-30 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on November 30 2016 - 25% progression, died in committee
Action: 2016-11-30 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
CORE Act Creating Opportunities for Rural Economies Act This bill amends the Internal Revenue Code to require at least 5% of the new markets tax credit limitation to be allocated to community development entities in connection with certain investments, financial counseling, and other services in distressed coal communities. A "distressed coal community" is any low-income community located in a county that: (1) was one of the 30 counties with the biggest employment decrease among coal operators over a specified time period; or (2) is contiguous to a county that has the required decrease in employment, is located in the same state, and contains at least one low-income community.
Title
CORE Act Creating Opportunities for Rural Economies Act
Sponsors
Rep. Evan Jenkins [R-WV] |
History
Date | Chamber | Action |
---|---|---|
2016-11-30 | House | Referred to the House Committee on Ways and Means. |
2016-11-30 | House | Sponsor introductory remarks on measure. (CR H6370) |
2016-11-30 | House | Introduced in House |
Subjects
Coal
Economic development
Housing and community development funding
Income tax credits
Mining
Taxation
Unemployment
Economic development
Housing and community development funding
Income tax credits
Mining
Taxation
Unemployment
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/house-bill/6403/all-info |
Text | https://www.congress.gov/114/bills/hr6403/BILLS-114hr6403ih.pdf |