US HB1428 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on April 7 2011 - 25% progression, died in committee
Action: 2011-04-07 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 7 2011 - 25% progression, died in committee
Action: 2011-04-07 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to extend through December 31, 2012, the designation period of areas as renewal communities and tax incentives for investment in such areas, including: (1) the exclusion from gross income for income tax purposes of gain from the sale or exchange of assets (stock or business property) in such areas, (2) the tax deduction for commercial revitalization expenditures in such areas, and (3) an increased expensing allowance for the acquisition of business and investment assets in such areas.
Title
To amend the Internal Revenue Code of 1986 to extend the Renewal Community program through end of 2012.
Sponsors
Rep. Brian Higgins [D-NY] | Rep. Steve Cohen [D-TN] | Rep. Bob Filner [D-CA] | Rep. John Lewis [D-GA] |
Rep. Gwen Moore [D-WI] | Rep. Allyson Schwartz [D-PA] | Rep. Paul Tonko [D-NY] | Rep. Niki Tsongas [D-MA] |
History
Date | Chamber | Action |
---|---|---|
2011-04-07 | House | Referred to the House Committee on Ways and Means. |
Subjects
Business investment and capital
Capital gains tax
Employment and training programs
Income tax credits
Income tax deductions
Income tax rates
Industrial facilities
Rural conditions and development
Taxation
Urban and suburban affairs and development
Capital gains tax
Employment and training programs
Income tax credits
Income tax deductions
Income tax rates
Industrial facilities
Rural conditions and development
Taxation
Urban and suburban affairs and development
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/112th-congress/house-bill/1428/all-info |
Text | https://www.congress.gov/112/bills/hr1428/BILLS-112hr1428ih.pdf |