H.R. 6403 · 114th Congress
CORE Act
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
JenkinsSponsorNo cosponsors.
Creating Opportunities for Rural Economies Act or the CORE Act
What it does: CRS summary · Introduced in House · Nov 30, 2016
Creating Opportunities for Rural Economies Act or the CORE 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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: CORE Act
Also known as: Creating Opportunities for Rural Economies Act
Latest action (Nov 30, 2016): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Nov 30, 2016
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.