US HB3500 | 2009-2010 | 111th Congress

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on July 31 2009 - 25% progression, died in committee
Action: 2009-07-31 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

+ Small and Medium Urban Regions Growth and Empowerment Act of 2009 or the SURGE Act of 2009 - Amends Internal Revenue Code provisions relating to tax-preferred empowerment zones, rural enterprise communities, and renewal communities to: (1) extend the period of designation for such areas through 2019; (2) expand the types of businesses eligible for empowerment zone tax incentives; (3) grant authority to expand the boundaries of empowerment zones and enterprise communities, including those located in rural areas; (4) expand the use of tax-exempt Gulf Opportunity Zone and facility bonds in such areas; and (5) authorize the Secretary of the Treasury to make grants to states, local governments, or nonprofit organizations to make businesses aware of the tax benefits of enterprise zones and to provide technical assistance to small businesses eligible for such benefits.

Tracking Information

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Title

Small and Medium Urban Regions Growth and Empowerment Act of 2009

Sponsors


History

DateChamberAction
2009-07-31 Referred to the House Committee on Ways and Means.

Same As/Similar To

HB1677 (Related) 2009-03-24 - Referred to the House Committee on Ways and Means.
SB1222 (Related) 2009-06-09 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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