HR 2683 109th Congress House Finance and Financial Sector Affordable housing Bank loans Building construction Church and social problems Commerce Community development Community development banking Community organization Congress Congressional reporting requirements Depreciation and amortization Depressed areas Economics and Public Finance Electric utilities Energy Enterprise zones Environmental Protection Evaluation research (Social action programs) Federal advisory bodies

Community Economic Development Expertise Enhancement Act of 2005

Introduced: May 26, 2005 See on congress.gov

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jun 17, 2005

Referred to the Subcommittee on Housing and Community Opportunity.

May 26, 2005

Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

May 26, 2005

Introduced in House

Plain-English summary Congressional Research Service

Community Economic Development Expertise Enhancement Act of 2005 - Authorizes the Secretary of Housing and Urban Development to make grants to increase the capacity and expertise of qualifying community-based economic development organizations.

Directs the Secretary to: (1) conduct an assessment of such organizations' capability needs; and (2) establish the Advisory Council on Community Economic Development.

Directs the President to include with each annual budget request a report regarding Federal financial support for community economic development.

Amends the Internal Revenue Code to provide a limited housing infrastructure business credit for qualified housing infrastructure property placed in service. Defines such property as property located in an empowerment zone, enterprise community, or renewal community, when substantially all of the use of which is to provide water, sewer, electricity, or natural gas service to residents.

Doubles, and extends through 2009 (currently 2005), for employment beginning after the enactment of this Act, the: (1) work opportunity credit; (2) welfare-to-work credit; (3) empowerment zone employment credit; and (4) renewal community employment. Increases, through 2009, the Indian employment credit. Increases and extends, through 2009, deductions for expensing the cost of certain depreciable business assets, commercial revitalization, and environmental remediation. Extends, through 2009, the special deduction for property used on Indian reservations.

What's happening now June 17, 2005

Referred to the Subcommittee on Housing and Community Opportunity.

Committees of jurisdiction 3