HR 2238
116th Congress
House
Taxation
Economic development
Elementary and secondary education
Income tax credits
Securities
To amend the Internal Revenue Code of 1986 to extend certain tax benefits related to empowerment zones.
Introduced: April 10, 2019
Introduced by:
Espaillat, Adriano
Democratic
· New York
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 10, 2019
Referred to the House Committee on Ways and Means.
Apr 10, 2019
Introduced in House
Plain-English summary
This bill extends the period for the designation of empowerment zones and reinstates the tax credit for holders of qualified zone academy bonds. An empowerment zone is an economically distressed community eligible for various tax incentives and grants from the federal government to promote investment in the community.
The bill reinstates and expands the tax credit for holders of qualified zone academy bonds. A qualified zone academy bond is a tax-exempt bond that may be issued to rehabilitate or repair a public school facility, to provide equipment and develop course material, and train teachers and other school personnel.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1