Skip to main content
S 76 115th Congress Senate Taxation Coal Economic development Housing and community development funding Income tax credits Mining Unemployment

CORE Act

Introduced: January 10, 2017 Introduced by: Capito, Shelley Moore Republican · West Virginia See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 10, 2017
Read twice and referred to the Committee on Finance.
Jan 10, 2017
Introduced in Senate
 Plain-English summary Congressional Research Service

Creating Opportunities for Rural Economies Act or the CORE Act

This bill amends the Internal Revenue Code to require at least 5% of the new markets tax credit limitation to be allocated to community development entities in connection with certain investments, financial counseling, and other services in distressed coal communities.

A "distressed coal community" is any low-income community located in a county that: (1) was one of the 30 counties with the biggest employment decrease among coal operators over a specified time period; or (2) is contiguous to a county that has the required decrease in employment, is located in the same state, and contains at least one low-income community.

What's happening now January 10, 2017

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1