Nonpartisan civic infrastructure
AllCiv·Legis1
·

H.R. 5718

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to revise the new market tax credit rules for population census tracts with low populations.
About This Bill
Committee
Latest Action · May 10, 2012
Referred to the House Committee on Ways and Means.
Congress
112th (2011–2013)
Introduced
May 10, 2012
Cosponsors (0)
None
View PDF ↗

Summary

Highlight any text to annotate
Amends the Internal Revenue Code, with respect to the new markets tax credit, to expand criteria for the designation of a census track with a population of less than 2,000 as a low-income community for purposes of such credit to include consideration of the poverty rate, median family income, or unemployment rate in such community.

Take Action

Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.