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HR 2254 105th Congress House

To amend the Internal Revenue Code of 1986 to allow a credit against income tax for equity investments in community development financial institutions.

Introduced: July 24, 1997 See on congress.gov
Taxation Business income taxCommerceCommunity development bankingFinance and Financial Sector
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Income taxInvestment tax creditMinimum taxPartnershipsPersonal income taxStocksTax deductions
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) 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 24, 1997
Referred to the House Committee on Ways and Means.
Jul 24, 1997
Introduced in House
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 Latest action July 24, 1997

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to allow a (temporary) business-related credit for qualified equity investments in community development financial institutions. Sets forth credit limitation, recapture, deduction for unused credit, and carryback provisions.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 3 Independent 1
D
Davis, Danny K.
Illinois · Jul 24, 1997
 I
Sanders, Bernard
Vermont · Jul 24, 1997
 D
Scott, Robert C. "Bobby"
Virginia · Jul 24, 1997
 D
Waters, Maxine
California · Jul 24, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2254: To amend the Internal Revenue Code of 1986 to allow a credit against income tax for equity investments in community development financial institutions.. 105th Congress. Open America. https://openamerica.io/bill/105-HR-2254/
MLA
"H.R. 2254: To amend the Internal Revenue Code of 1986 to allow a credit against income tax for equity investments in community development financial institutions.." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-2254/.
Bluebook (legal)
H.R. 2254, 105th Cong. (2026), https://openamerica.io/bill/105-HR-2254/.
Markdown link
[H.R. 2254: To amend the Internal Revenue Code of 1986 to allow a credit against income tax for equity investments in community development financial institutions.](https://openamerica.io/bill/105-HR-2254/)
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