US Congress Senate Bill 76 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 10 2017 - 25% progression, died in committee
Action: 2017-01-10 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

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.

CORE Act Creating Opportunities for Rural Economies Act

Sen. Shelley Capito [R-WV]

Date	Chamber	Action
2017-01-10	Senate	Read twice and referred to the Committee on Finance.

HB405 (Same As) 2017-01-10 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/76/all-info
Text	https://www.congress.gov/115/bills/s76/BILLS-115s76is.pdf