US Congress House Bill 1525 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on March 5 2019 - 25% progression, died in committee
Action: 2019-03-05 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Provides various tax credits related to economically distressed zones and establishes a procedure for state and local governments to apply for such zone designation. Specifically, the bill provides credits to taxpayers in an economically distressed zone based on the amount of (1) wages paid by an employer to employees, (2) depreciation and amortization allowances for business property, and (3) trade or business payments made for purchases of services or property. The bill also allows state and local governments to apply for a population census tract under their ambit to be designated as an economically distressed zone

Economic Development Act for Distressed Zones of 2019

Rep. Jenniffer Gonzalez-Colon [R-PR]

Rep. Ann Kirkpatrick [D-AZ]

Rep. Don Young [R-AK]

Date	Chamber	Action
2019-03-05	House	Referred to the House Committee on Ways and Means.
2019-03-05	House	Introduced in House

HB6443 (Related) 2020-04-03 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/1525/all-info
Text	https://www.congress.gov/116/bills/hr1525/BILLS-116hr1525ih.pdf