Bill115th CongressFiled Oct 5, 2017Taxation
S. 1946
A bill to amend the Internal Revenue Code of 1986 to allow unpopulated census tracts that are contiguous to low-income communities to be treated as low-income communities under the new markets tax credit.
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What it doesSummary introduced in senate (Oct 5, 2017)
This bill amends the Internal Revenue Code to permit a census tract that has a population of zero and is contiguous to one or more low-income communities to be treated as a low-income community for the purpose of the new markets tax credit.
What just happenedOct 5, 2017
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Menendez, Robert [D-NJ](D-NJ)Sponsor
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- Introduced in SenateOct 5, 2017
- Oct 5, 2017IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Oct 5, 2017IntroReferral10000
Introduced in Senate