U.S. Congress - S.3787 Upstate Works Act
S.3787 - Upstate Works Act
A bill to amend the Internal Revenue Code of 1986 to extend and modify the benefits available in empowerment zones and other tax-incentive areas, to require the Secretary of Commerce to establish a program for the award of grants to States to establish revolving loan funds for small and medium-sized manufacturers to improve energy efficiency and produce clean energy technology, to amend the Internal Revenue Code of 1986 to provide a tax credit for farmers' investments in value-added agriculture, and for other purposes. view all titles (2)
All Bill Titles
- Short: Upstate Works Act as introduced.
- Official: A bill to amend the Internal Revenue Code of 1986 to extend and modify the benefits available in empowerment zones and other tax-incentive areas, to require the Secretary of Commerce to establish a program for the award of grants to States to establish revolving loan funds for small and medium-sized manufacturers to improve energy efficiency and produce clean energy technology, to amend the Internal Revenue Code of 1986 to provide a tax credit for farmers' investments in value-added agriculture, and for other purposes. as introduced.
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Official Summary
9/15/2010--Introduced.Upstate Works Act - Amends the National Institute of Standards and Technology Act to: (1) direct the Secretary of Commerce to establish a revolving loan grant program to assist small and medium-sized manufacturers in financing the cost of reequipping, expanding, or esOfficial Summary
9/15/2010--Introduced.Upstate Works Act - Amends the National Institute of Standards and Technology Act to:(1) direct the Secretary of Commerce to establish a revolving loan grant program to assist small and medium-sized manufacturers in financing the cost of reequipping, expanding, or establishing manufacturing facilities in the United States to produce clean energy technology and energy efficient products; and
(2) include as an activity of Regional Centers for the Transfer of Manufacturing Technology the establishment of a clean energy manufacturing supply chain initiative. Amends the Internal Revenue Code to:
(1) allow a 50% tax credit for investment in value-added agricultural property;
(2) allow a credit for 50% of the cost of property used to furnish broadband services in rural areas;
(3) extend through 2019 the period for designation of empowerment zones and renewal communities;
(4) expand the eligibility criteria for enterprise zone businesses and the use of tax-exempt enterprise facility bonds; and
(5) authorize the Secretary of the Treasury to award grants to state or local governments or nonprofit entities for the purpose of making businesses aware of benefits of empowerment zones and renewal communities. Directs the Secretary of Labor to award grants to improve job skills necessary for employment in specific industries.
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A Senator from Upstate
...gain access to the loans they need to grow. This year, Senator Gillibrand wrote the Upstate Works Act, new legislation (S.3787) to provide targeted support for a broad range of sector’s in the economy in – providing new capital for small business, r
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