S 1896
113th Congress
Senate
Taxation
Business investment and capital
Housing and community development funding
Income tax credits
Manufacturing
Manufacturing Communities Investment Act
Introduced: January 7, 2014
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 7, 2014
Read twice and referred to the Committee on Finance.
Jan 7, 2014
Introduced in Senate
Plain-English summary
Manufacturing Communities Investment Act - Amends the Internal Revenue Code, with respect to the new markets tax credit, to: (1) increase to $5 billion and extend through 2016 the national limitation amount for such credit, and (2) allow an additional $1 billion allocation of such credit in 2014, 2015, and 2016, for a qualified community development entity only if a significant mission of such entity is providing investments and services to manufacturing businesses in communities that have suffered major manufacturing job losses or a major job loss event.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1