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S. 1896

Manufacturing Communities Investment Act

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.

Read twice and referred to the Committee on Finance.

Sen. Brown, Sherrod [D-OH](D-OH)Sponsor
4 cosponsors3 D1 I
4cosponsors1committees2actions1related bills4subjects
  • Introduced in SenateJan 7, 2014
  1. IntroReferral

    Read twice and referred to the Committee on Finance.

  2. IntroReferral10000

    Introduced in Senate

Manufacturing Communities Investment Act — Informed