U.S. Congress - H.R.3811 New Markets Tax Credit Expansion Act of 2009
H.R.3811 - New Markets Tax Credit Expansion Act of 2009
To amend the Internal Revenue Code of 1986 to authorize the Secretary, for a period of 2 years, to allocate a new markets tax credit limitation to entities that serve or provide investment capital for distressed communities. view all titles (2)
All Bill Titles
- Official: To amend the Internal Revenue Code of 1986 to authorize the Secretary, for a period of 2 years, to allocate a new markets tax credit limitation to entities that serve or provide investment capital for distressed communities. as introduced.
- Short: New Markets Tax Credit Expansion Act of 2009 as introduced.
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Official Summary
10/14/2009--Introduced.New Markets Tax Credit Expansion Act of 2009 - Amends the Internal Revenue Code to require the Secretary of the Treasury to allocate in 2010 and 2011 new markets tax credit amounts to community development entities that provide investment capital or technical assistaOfficial Summary
10/14/2009--Introduced.New Markets Tax Credit Expansion Act of 2009 - Amends the Internal Revenue Code to require the Secretary of the Treasury to allocate in 2010 and 2011 new markets tax credit amounts to community development entities that provide investment capital or technical assistance for a distressed community. Defines "distressed community" as a county designated by the Secretary of the Treasury as:(1) having, during a specified period, a residential or commercial mortgage foreclosure rate of 110% or more of the national average, a decline in the average fair market value of housing of at least 20%, or an unemployment rate of 110% or more of the national average;
(2) having more than 50% of its housing loans with a loan-to-value ratio of greater than 80%; or
(3) being in a disaster area.
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Recent Blog Coverage
Florida Child Support Facts
"Bill Text 105th Congress (1997-1998) HR3811ENR: HR3811 -- Deadbeat Parents Punishment Act of 1998 (Enrolled Bill [Final as Passed Both House and Senate] - ENR)." The Library of Congress Thomas. nd Web. 19 June 2010. ...
President Obama forget the populist grandstanding, do the work
When the Democrats lost their Senate supermajority on Jan. 19, 2010. President Barack Obama and his team went into spin mode, first saying that the loss was not a referendum on Obama's politics, then a few days later saying that Obama and his policies
HR 3811, To amend the Internal Revenue Code of 1986 to authorize ...
HR 3811 would amend the Internal Revenue Code of 1986 to authorize the Secretary, for a period of 2 years, to allocate a new markets tax credit limitation to entities that serve or provide investment capital for distressed communities. ...
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