H.R. 3241 (104th): More Power for Empowerment Zones Act of 1996

Introduced:
Apr 15, 1996 (104th Congress, 1995–1996)
Sponsor:
Rep. Thomas Foglietta [D-PA1]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

(About Ads | Advertise Here)
Status

This bill was introduced on April 15, 1996, in a previous session of Congress, but was not enacted.

Progress
Introduced Apr 15, 1996
Cosponsors
14 cosponsors (14D) (show)
Committees

House Armed Services

House Education and the Workforce

House Energy and Commerce

House Financial Services

House Foreign Affairs

House Oversight and Government Reform

House Small Business

House Judiciary

House Transportation and Infrastructure

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Internal Revenue Code to allow the designation of additional empowerment zones and provide additional incentives for empowerment zones and enterprise communities, and for other purposes.

Summary

No summaries available.

Text

Read Bill Text »

Last updated Apr 15, 1996.
80 pages

Primary Source

View on THOMAS (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here.

Citation

Click a format for a citation suggestion:

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

4/15/1996--Introduced.
TABLE OF CONTENTS:
Title I - Tax Treatment of Empowerment Zones and Enterprise Communities Subtitle A: Designation of Additional Empowerment Zones Subtitle B: Increased Incentives for Empowerments Zones and Enterprise Communities Subtitle C: Brownfields Redevelopment Act Title II: Assistance for Infrastructure Improvements and Development Title III: Additional Benefits for Empowerment Zones and Enterprise Communities Title IV: Regulatory Flexibility More Power for Empowerment Zones Act of 1996
Title I - Tax Treatment of Empowerment Zones and Enterprise Communities
Subtitle A - Designation of Additional Empowerment Zones
Amends the Internal Revenue Code to authorize the designation of additional empowerment zones.
Subtitle B - Increased Incentives for Empowerments Zones and Enterprise Communities
Modifies requirements regarding: (1) the tax exempt status of enterprize zone facility bonds; and (2) expensing.
Section 114 -
Excludes from gross income capital gains on zone assets. Allows deductions for the purchase of enterprise zone stock.
Section 115 -
Allows a business investment deduction for commercial revitalization.
Subtitle C - Brownfields Redevelopment Act
Allows: (1) a business credit for empowerment zones for 50 percent of the costs of environmental remediation; and (2) the use of redevelopment bonds for environmental remediation.
Title II - Assistance for Infrastructure Improvements and Development
Authorizes the Secretary of Housing and Urban Development to: (1) guarantee debt instruments issued by local governments or their designated agencies to finance infrastructure activities to be carried out in empowerment zones or enterprise communities; and (2) require the local government to provide security. Mandates a revolving fund to make loans to local governments for infrastructure activities in empowerment zones or enterprise communities. Authorizes grants to local governments for infrastructure activities in empowerment zones or enterprise communities.
Title III - Additional Benefits for Empowerment Zones and Enterprise Communities
Give Students the Power to Work Program Act - Authorizes grants to local educational agencies in empowerment zones to provide students with employment skills and technologies necessary to sustain or improve businesses and industries in the zones. Authorizes appropriations.
Section 302 -
Requires that, notwithstanding any other provision of law, at least 15 percent of U.S. assistance under the Foreign Assistance Act of 1961, the Arms Export Control Act, and the Support for East European Democracy (SEED) Act of 1989 be provided in the form of credits that may only be used for the purchase of U.S. goods produced, manufactured, or assembled in empowerment zones, enterprise communities, or enterprise zones in the United States.
Section 303 -
Amends the Federal Property and Administrative Services Act of 1949 and provisions of Federal law relating to the armed forces to require that at least 15 percent of procurement be obligated for contracts to be carried out by entities in empowerment zones or enterprise communities.
Section 304 -
Amends the Solid Waste Disposal Act to require that certain items be procured from entities in empowerment zones or enterprise communities.
Section 305 -
Authorizes grants to a State or local government for innovative programs for the transportation needs of an empowerment zone. Authorizes appropriations.
Title IV - Regulatory Flexibility
Amends Federal law to include enterprise zone businesses, units of government that nominate empowerment zones or enterprise communities, and nonprofit enterprises carrying out a significant portion of their activities in such a zone or community in the definition of "small entity" for provisions relating to analysis of regulatory functions. Authorizes an agency to waive or modify all or part of any rule the agency has the authority to promulgate concerning activities in such a zone or community.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

The bill contains the following citations to other parts of U.S. law:

Slip Laws

Slip laws refer to enacted bills and joint resolutions in their original form as enacted by Congress, that is, before other laws amend them. Slip laws are cited as “Public Law XXX-YYY”, where XXX is the number of the Congress in which the bill or resolution was introduced.

United States Code

The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)

Statutes at Large

The United States Statutes at Large is the compilation of all laws enacted by Congress.

  • 52 Stat. 1060

Other Citations

  • 5 U.S.C. Chapter 6
  • 10 U.S.C. Chapter 137