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HR 2740 112th Congress House Taxation Business investment and capital Income tax credits Urban and suburban affairs and development

To amend the Internal Revenue Code of 1986 to treat certain population census tracts for which information is not available as low-income communities for purposes of the new markets tax credit.

Introduced: August 1, 2011 Introduced by: Costa, Jim Democratic · California See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 1, 2011
Referred to the House Committee on Ways and Means.
Aug 1, 2011
Introduced in House
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code, with respect to eligibility for the new markets tax credit, to treat a population census tract for which the Secretary of the Treasury determines there is insufficient information to determine whether such tract is a low-income community as such a community if: (1) such tract is adjacent to two or more low-income communities, and (2) the Secretary does not have information indicating such tract is not a low-income community.

What's happening now August 1, 2011

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1