Bill113th CongressFiled Jan 7, 2014Taxation
S. 1896
Manufacturing Communities Investment Act
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Jan 7, 2014)
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.
What just happenedJan 7, 2014
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Brown, Sherrod [D-OH](D-OH)Sponsor
4 cosponsors3 D1 I
4cosponsors1committees2actions1related bills4subjects
- Introduced in SenateJan 7, 2014
- Jan 7, 2014IntroReferral
Read twice and referred to the Committee on Finance.
- Jan 7, 2014IntroReferral10000
Introduced in Senate