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S 1498 102th Congress Senate

Base Community Recovery Act of 1991

Official title: A bill to amend the Internal Revenue Code of 1986 to provide tax incentives for the establishment of businesses within Federal military installations which are… Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1986 to provide tax incentives for the establishment of businesses within Federal military installations which are closed or realigned and for the hiring of individuals laid off by reason of such closings or realignments, and for other purposes.

Introduced: July 18, 1991 See on congress.gov
Taxation Capital investmentsDepreciation and amortizationDepressed areasDislocated workers
More subjectsShow fewer subjects
Employment tax creditsHousing and Community DevelopmentIncome taxLayoffsMilitary basesReal propertyRental housingTax creditsTax deductionsTax-exempt securities
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This bill died when the 102nd Congress ended
It never became law before the 102nd Congress (1991–1992) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 18, 1991
Read twice and referred to the Committee on Finance.
Jul 18, 1991
Introduced in Senate
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 Latest action July 18, 1991

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Base Community Recovery Act of 1991 - Amends the Internal Revenue Code to treat any former employee of a Federal military installation whose job was terminated by reason of its closing or realignment as a member of a targeted group for purposes of the target jobs credit allowed to employers.

Allows such employees a terminated employee tax credit of up to ten percent of wages attributable to private employment within the base closure region for one year.

Reduces the depreciation recapture rate for businesses that acquire buildings on such bases, and increases the amount which may be expensed for the cost of new equipment placed in service.

Prescribes the treatment of qualified base closure bonds by: (1) making termination dates for qualified small issue bonds inapplicable to them; (2) not taking into account certain capital expenditures; and (3) increasing the State ceiling on the volume cap.

 Related & companion bills 2
  • HR 3112 Identical bill Base Community Recovery Act of 1991
  • HR 3177 Identical bill Base Community Recovery Act of 1991
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Jul 18, 1991
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1498: Base Community Recovery Act of 1991. 102nd Congress. Open America. https://openamerica.io/bill/102-S-1498/
MLA
"S. 1498: Base Community Recovery Act of 1991." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-S-1498/.
Bluebook (legal)
S. 1498, 102nd Cong. (2026), https://openamerica.io/bill/102-S-1498/.
Markdown link
[S. 1498: Base Community Recovery Act of 1991](https://openamerica.io/bill/102-S-1498/)
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