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HR 1354 106th Congress House

Community Savings and Investment Act of 1999

Official title: To amend the Internal Revenue Code of 1986 to encourage a strong community-based banking system.

Introduced: May 6, 1999 Introduced by: Sessions, Pete Republican · Texas See on congress.gov
Taxation Business income taxCommerceCommunity development bankingCorporation taxes
More subjectsShow fewer subjects
Depressed areasEconomics and Public FinanceFinance and Financial SectorIncome taxTax exclusionTax rates
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) 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
Mar 25, 1999
Referred to the House Committee on Ways and Means.
Mar 25, 1999
Introduced in House
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 Latest action March 25, 1999

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Community Savings and Investment Act of 1999 - Amends the Internal Revenue Code to: (1) establish a separate tax rate for a qualified community lender; and (2) permit the exclusion from gross income of distressed community banking income.

 Related & companion bills 1
  • S 2596 Identical bill Community Savings and Investment Act of 2000
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 12
All 12 Republican 4
STENHOLM, CHARLES
· Mar 8, 2000
LAMPSON, NICK
· Feb 15, 2000
SANDLIN, MAX
· Feb 10, 2000
TURNER, JIM
· Feb 10, 2000
DUNN, JENNIFER
· Aug 4, 1999
 R
Aderholt, Robert B.
Alabama · Jun 9, 1999
NETHERCUTT, GEORGE
· May 25, 1999
 R
Lucas, Frank D.
Oklahoma · May 6, 1999
 R
Thune, John
South Dakota · May 4, 1999
COMBEST, LARRY
· Apr 15, 1999
 R
Moran, Jerry
Kansas · Apr 15, 1999
BEREUTER, DOUGLAS
· Mar 25, 1999
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1354: Community Savings and Investment Act of 1999. 106th Congress. Open America. https://openamerica.io/bill/106-HR-1354/
MLA
"H.R. 1354: Community Savings and Investment Act of 1999." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-1354/.
Bluebook (legal)
H.R. 1354, 106th Cong. (2026), https://openamerica.io/bill/106-HR-1354/.
Markdown link
[H.R. 1354: Community Savings and Investment Act of 1999](https://openamerica.io/bill/106-HR-1354/)
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