United States · Bill · HR
H.R. 11039 (95th)
Economic Redevelopment Area Tax Incentive Act
Introduced
21 February 1978
Last action
—
Status
Referred to House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
2 September 2025
Summary
Economic Redevelopment Area Tax Incentive Act - Amends the Internal Revenue Code to allow an additional five percent investment tax credit for new, depreciable business property placed in high unemployment urban areas. Increases the maximum investment credit allowable to 90 percent of income tax liability exceeding $25,000. Allows employers a limited income tax credit for a portion of the wages paid to certain new employees for services in high unemployment urban areas.
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Documents
1 official file
Introduced in House
summary · EN · 21 February 1978
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/95th-congress/house-bill/11039
- Open data entity: https://api.congress.gov/v3/bill/95/hr/11039