GovTrack’s Bill Summary
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H.R. 5718 (112th): To amend the Internal Revenue Code of 1986 to revise the new market tax credit rules for population census tracts with low populations.
- Introduced:
- May 10, 2012 (112th Congress, 2011–2013)
- Sponsor:
- Rep. Edolphus “Ed” Towns [D-NY10]
- Status:
- Died (Referred to Committee)
The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.
- Summary
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No summaries available.
- Text
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Last updated May 10, 2012.
3 pages
- Primary Source
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View on THOMAS (The Library of Congress)
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- Citation
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Library of Congress Summary
The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.
5/10/2012--Introduced.
Amends the Internal Revenue Code, with respect to the new markets tax credit, to expand criteria for the designation of a census track with a population of less than 2,000 as a low-income community for purposes of such credit to include consideration of the poverty rate, median family income, or unemployment rate in such 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
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