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H.R. 3735

BillFederalHouseIn Committee
Manufacturing Communities Investment Act
About This Bill
Committee
Latest Action · December 12, 2013
Referred to the House Committee on Ways and Means.
Congress
113th (2013–2015)
Introduced
December 12, 2013
Sponsor
Rep. John CarneyD
Cosponsors (1)
0D 1R
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Summary

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Manufacturing Communities Investment Act - Amends the Internal Revenue Code, with respect to the new markets tax credit, to: (1) increase to $5 billion and extend through 2016 the national limitation amount for such credit, and (2) allow an additional $1 billion allocation of such credit in 2014, 2015, and 2016, for a qualified community development entity only if a significant mission of such entity is providing investments and services to manufacturing businesses in communities that have suffered major manufacturing job losses or a major job loss event.

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