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S 1526 106th Congress Senate

A bill to amend the Internal Revenue Code of 1986 to provide a tax credit to taxpayers investing in entities seeking to provide capital to create new markets in low-income communities.

Introduced: January 24, 2000 See on congress.gov
Taxation Business income taxCapital investmentsCommerceCommunity development
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Community development corporationsCounselingDepressed areasFinance and Financial SectorFinancial planningIncome taxInfrastructureInvestment tax creditLoansPartnershipsSocial WelfareStocksTax creditsUrban affairs
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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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 5, 1999
Read twice and referred to the Committee on Finance.
Aug 5, 1999
Sponsor introductory remarks on measure. (CR S10426-10427)
Aug 5, 1999
Introduced in Senate
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 Latest action August 5, 1999

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service
Amends the Internal Revenue Code to allow a limited credit to a taxpayer making a qualified low-income community investment (as defined).
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Durbin, Richard J.
Illinois · Jan 24, 2000
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1526: A bill to amend the Internal Revenue Code of 1986 to provide a tax credit to taxpayers investing in entities seeking to provide capital to create new markets in low-income communities.. 106th Congress. Open America. https://openamerica.io/bill/106-S-1526/
MLA
"S. 1526: A bill to amend the Internal Revenue Code of 1986 to provide a tax credit to taxpayers investing in entities seeking to provide capital to create new markets in low-income communities.." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-S-1526/.
Bluebook (legal)
S. 1526, 106th Cong. (2026), https://openamerica.io/bill/106-S-1526/.
Markdown link
[S. 1526: A bill to amend the Internal Revenue Code of 1986 to provide a tax credit to taxpayers investing in entities seeking to provide capital to create new markets in low-income communities.](https://openamerica.io/bill/106-S-1526/)
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