HR 5462
102th Congress
House
Taxation
Corporation taxes
Enterprise zones
Entrepreneurs
Income tax
Loans
Small business
Stocks
Subsidiary corporations
Tax deductions
Urban economic development
Urban Entrepreneurial Opportunities Act
Introduced: June 23, 1992
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 23, 1992
Referred to the House Committee on Ways and Means.
Jun 23, 1992
Introduced in House
Plain-English summary
Urban Entrepreneurial Opportunities Act - Amends the Internal Revenue Code to allow a deduction for equity contributions made by a corporation to an urban entrepreneurial opportunity financing subsidiary of such corporation. Requires the subsidiary to use such contribution in making qualified enterprise zone business loans to qualified small business concerns.
Establishes an overall program limitation among the contributing corporations to be allocated by the Secretary of Housing and Urban Development.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1