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United States · Bill · HR

H.R. 3643 (105th)

To amend the Internal Revenue Code of 1986 to increase job creation and small business expansion and formation in economically distressed United States insular areas.

referredUnited States· United States Congress· EN

Introduced

1 April 1998

Last action

1 April 1998 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Del. Christensen, Donna M. [D-VI-At Large], Del. Underwood, Robert A. [D-GU-At Large]

Subjects

Housing, Taxation

Source updated

2 January 2025

Housing · Taxation

Summary

Amends the Internal Revenue Code to: (1) direct the Secretary of Housing and Urban Development to designate additional nominated U.S. insular areas which meet certain eligibility criteria as empowerment zones; and (2) set forth various special rules related to such empowerment zones. Limits to $1 million (for others, $3 million) the amount of tax-exempt enterprise zone facility bonds. Prescribes a table of applicable percentages relating to the empowerment zone employment credit with respect to each newly designated empowerment zone.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 1 April 1998

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 1 April 1998

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 1 April 1998

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 1 April 1998

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 1 April 1998

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 1 April 1998

    Open at official source

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Sponsors

Related records

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Sources

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