H.R. 4210 · 112th Congress
Restore our Neighborhoods Act of 2012
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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LaTouretteSponsor17 cosponsors · 14 D, 3 R
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Conyers
HC
D
Clarke
MF
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Fudge
DK
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Kildee
DK
D
Kucinich
TR
D
Ryan
BS
D
Sutton
SS
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Stivers
PT
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Tiberi
MT
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Turner
JD
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Dingell
WC
D
Clay
DD
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Davis
GP
D
Peters
TS
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Sewell
GK
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Butterfield
FW
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Wilson10 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Restore our Neighborhoods Act of 2012 - Amends the Internal Revenue Code to establish a new category of tax credit bonds to be known as qualified urban demolition bonds. Allows the issuance of $4 billion of such bonds for the purpose of demolishing vacant, abandoned, and tax delinquent properties in urban areas.
What it does: CRS summary · Introduced in House · Mar 19, 2012
Restore our Neighborhoods Act of 2012 - Amends the Internal Revenue Code to establish a new category of tax credit bonds to be known as qualified urban demolition bonds. Allows the issuance of $4 billion of such bonds for the purpose of demolishing vacant, abandoned, and tax delinquent properties in urban areas. Provides for the allocation of $2 billion to all states to fund such demolition projects, and an additional $2 billion for certain other states that have greater numbers of vacant or foreclosed properties and higher unemployment rates (qualified states).
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Restore our Neighborhoods Act of 2012
Latest action (Apr 26, 2012): Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
Policy area: Housing and Community Development · Origin: House · Introduced: Mar 19, 2012
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.