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United States · Bill · HR

H.R. 1072 (104th)

Urban Entrepreneurial Opportunities Act

referredUnited States· United States Congress· EN

Introduced

28 February 1995

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

21 August 2025

Summary

Urban Entrepreneurial Opportunities Act - Amends the Internal Revenue Code to allow a deduction for equity contributions made by a corporation to an urban entrepreneurial opportunity financing subsidiary of such corporation. Requires the subsidiary to use such contribution in making qualified enterprise zone business loans to qualified small business concerns. Establishes an overall program limitation among the contributing corporations to be allocated by the Secretary of Housing and Urban Development.

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Documents

3 official files

Introduced in House (text)

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