To amend the Internal Revenue Code of 1986 to provide increased incentives for business investments in low-income communities and small businesses.

Summary

Amends the Internal Revenue Code, with respect to the new markets tax credit, to: (1) increase the national limit on the credit for FY 2003 and FY 2004; (2) require regulations under which one or more targeted populations may be treated as low-income communities, without regard to stated targeted area guidelines; and (3) include as a qualified community development entity any conditionally approved New Markets Venture Capital Company.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 6 March 2003

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• Introduced in House (PDF)

  Introduced in House · EN · 6 March 2003

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• Introduced in House

  summary · EN · 6 March 2003

  Open at official source

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