HR 3735 · 113th Congress · Taxation

Manufacturing Communities Investment Act

Introduced 2013-12-12· Sponsored by Rep. Carney, John C., Jr. [D-DE-At Large]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2013-12-12)

Plain Language Summary

[AI summary unavailable — showing source text] Manufacturing Communities Investment Act - Amends the Internal Revenue Code, with respect to the new markets tax credit, to: (1) increase to $5 billion and extend through 2016 the national limitation amount for such credit, and (2) allow an additional $1 billion allocation of such credit in 2014, 2015, and 2016, for a qualified community development entity only if a significant mission of such entity is providing investments and services to manufacturing businesses in communities that have suffered major manufacturing job losses or a major job loss event.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican