HR 2254
105th Congress
House
Taxation
Business income tax
Commerce
Community development banking
Finance and Financial Sector
Income tax
Investment tax credit
Minimum tax
Partnerships
Personal income tax
Stocks
Tax deductions
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
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
Plain-English summary
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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1