Anthracite Region Redevelopment Act of 2000

Summary

Anthracite Region Redevelopment Act of 2000 - Amends the Internal Revenue Code to provide a tax credit of 25 percent of the outstanding bond face amount for holders of qualified anthracite region development bonds (bonds having a 30-year term limit and issued by an approved entity for the restoration and redevelopment of abandoned mine land in the anthracite region, which covers certain portions of Pennsylvania). Limits to $1.2 billion the maximum aggregate face value of such bonds. Allows bond funds to be deposited into an approved segregated program fund for such purposes. Allows such bonds to be held by regulated investment companies, with the tax credit passing to company shareholders. Terminates the credit for any bond issued after the ten-year period following issuance of the first qualified bond. Requires the reporting of credits received. Directs the Administrator of the Environmental Protection Agency to act within 30 days after any request for bond approval under this Act.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 13 April 2000

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• Introduced in House (PDF)

  Introduced in House · EN · 13 April 2000

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• Introduced in House

  summary · EN · 13 April 2000

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