CORE Act

Summary

Creating Opportunities for Rural Economies Act or the CORE Act This bill amends the Internal Revenue Code to require at least 5% of the new markets tax credit limitation to be allocated to community development entities in connection with certain investments, financial counseling, and other services in distressed coal communities. A "distressed coal community" is any low-income community located in a county that: (1) was one of the 30 counties with the biggest employment decrease among coal operators over a specified time period; or (2) is contiguous to a county that has the required decrease in employment, is located in the same state, and contains at least one low-income community.

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

Timeline

1. 30 November 2016

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 30 November 2016

   Introduced

   Sponsor introductory remarks on measure. (CR H6370)

   Source: IntroReferral

3. 30 November 2016

   Introduced

   Introduced in House

   Source: IntroReferral

4. 30 November 2016

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 30 November 2016 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 30 November 2016

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 30 November 2016

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 30 November 2016

  Open at official source

Sponsors

• Evan Jenkins · R · Sponsor
• · hswm00 · Standing

Related records

• related to → CORE Act
• related to → CORE Act