US Congress House Bill 1611 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on April 15 2011 - 25% progression, died in committee
Action: 2011-04-15 - Referred to House Small Business
Pending: House Small Business Committee
Text: Latest bill text (Introduced) [PDF]

Clean Energy Business Zone Act of 2011 and the Clean Energy Empowerment Zone Act of 2011 - Amends the Internal Revenue Code to: (1) authorize the Secretary of the Treasury to designate 40 clean energy business zones between 2011 and 2014, (2) allow an increased tax credit for wages paid in such a zone, (3) allow a work opportunity tax credit for wages paid to an employee in such a zone, (4) allow financing of any qualified Green building or clean energy facility with clean renewable energy bonds, (5) allow increased expensing of property in such a zone, and (6) allow an exclusion from gross income of gain from the sale or exchange or any clean energy business zone asset held for more than five years. Amends the Small Business Act and the Small Business Investment Act of 1958 to waive loan fees for qualified Green building and clean energy facility loans made before 2022.

Clean Energy Business Zone Act of 2011

Rep. Michael Grimm [R-NY]

Rep. Roscoe Bartlett [R-MD]

Date	Chamber	Action
2011-04-15	House	Referred to House Small Business
2011-04-15	House	Referred to House Ways and Means
2011-04-15	House	Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/1611/all-info
Text	https://www.congress.gov/112/bills/hr1611/BILLS-112hr1611ih.pdf