H.R. 6658 (112th): Urban Competitiveness Act

Introduced:
Dec 13, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. Hansen Clarke [D-MI13]
Status:
Died (Referred to Committee)

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

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Status

This bill was introduced on December 13, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Dec 13, 2012
Referred to Committee Dec 13, 2012
Cosponsors
6 cosponsors (4D, 2R) (show)
Committees

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 of 1986 to provide a zero capital gains rate for certain new investments in specified areas made during a temporary period.

Summary

No summaries available.

Text

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Last updated Dec 13, 2012.
8 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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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.

12/13/2012--Introduced.
Urban Competitiveness Act - Amends the Internal Revenue Code to exclude from gross income any capital gain from the sale or exchange of a stock, partnership, or business property interest invested in an enterprise zone area which had an average unemployment rate of not less than 150% of the national average rate during the preceding calendar year and which experienced a population loss of at least 20% during the 10-year period beginning in 2000.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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