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H.R. 1135 · 108th Congress

To amend the Internal Revenue Code of 1986 to provide increased incentives for business investments in…

Full title

To amend the Internal Revenue Code of 1986 to provide increased incentives for business investments in low-income communities and small businesses.

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

No cosponsors.

Amends the Internal Revenue Code, with respect to the new markets tax credit, to: (1) increase the national limit on the credit for FY 2003 and FY 2004; (2) require regulations under which one or more targeted populations may be treated as low-income communities, without regard to stated targeted area guidelines; and (3) include as a qualified community…

What it does: CRS summary · Introduced in House · Mar 6, 2003
Amends the Internal Revenue Code, with respect to the new markets tax credit, to: (1) increase the national limit on the credit for FY 2003 and FY 2004; (2) require regulations under which one or more targeted populations may be treated as low-income communities, without regard to stated targeted area guidelines; and (3) include as a qualified community development entity any conditionally approved New Markets Venture Capital Company.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: To amend the Internal Revenue Code of 1986 to provide increased incentives for business investments in low-income communities and small businesses.

Latest action (Mar 6, 2003): Referred to the House Committee on Ways and Means.

Policy area: Taxation · Origin: House · Introduced: Mar 6, 2003

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.