H.R.6658 - Urban Competitiveness Act

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. view all titles (2)

All Bill Titles

  • Official: 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. as introduced.
  • Short: Urban Competitiveness Act as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
12/13/12
 
 
 
 
 
 
 

Official Summary

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

Official Summary

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.

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