To amend the Internal Revenue Code of 1986 to extend the Renewal Community program through end of 2012.
More subjectsShow fewer subjects
Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.
Referred to the House Committee on Ways and Means.
Amends the Internal Revenue Code to extend through December 31, 2012, the designation period of areas as renewal communities and tax incentives for investment in such areas, including: (1) the exclusion from gross income for income tax purposes of gain from the sale or exchange of assets (stock or business property) in such areas, (2) the tax deduction for commercial revitalization expenditures in such areas, and (3) an increased expensing allowance for the acquisition of business and investment assets in such areas.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 1428: To amend the Internal Revenue Code of 1986 to extend the Renewal Community program through end of 2012.. 112th Congress. Open America. https://openamerica.io/bill/112-HR-1428/
"H.R. 1428: To amend the Internal Revenue Code of 1986 to extend the Renewal Community program through end of 2012.." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-1428/.
H.R. 1428, 112th Cong. (2026), https://openamerica.io/bill/112-HR-1428/.
[H.R. 1428: To amend the Internal Revenue Code of 1986 to extend the Renewal Community program through end of 2012.](https://openamerica.io/bill/112-HR-1428/)