HR 3809
113th 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.
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 26, 2013
Referred to the House Committee on Ways and Means.
Dec 26, 2013
Introduced in House
Plain-English summary
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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1