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  <bill>
    <number>1135</number>
    <updateDate>2023-01-15T22:33:41Z</updateDate>
    <updateDateIncludingText>2023-01-15T22:33:41Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2003-03-06</introducedDate>
    <congress>108</congress>
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        <name>Ways and Means Committee</name>
        <chamber>House</chamber>
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            <date>2003-03-06T15:06:45Z</date>
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      <item>
        <actionDate>2003-03-06</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
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        <actionCode>H11100</actionCode>
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            <name>Ways and Means Committee</name>
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        <actionDate>2003-03-06</actionDate>
        <text>Introduced in House</text>
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        <actionDate>2003-03-06</actionDate>
        <text>Introduced in House</text>
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    <sponsors>
      <item>
        <bioguideId>J000070</bioguideId>
        <fullName>Rep. Jefferson, William J. [D-LA-2]</fullName>
        <firstName>WILLIAM</firstName>
        <lastName>JEFFERSON</lastName>
        <party>D</party>
        <state>LA</state>
        <middleName>J.</middleName>
        <district>2</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Commerce</name>
        </item>
        <item>
          <name>Community development</name>
        </item>
        <item>
          <name>Community development banking</name>
        </item>
        <item>
          <name>Depressed areas</name>
        </item>
        <item>
          <name>Economics and Public Finance</name>
        </item>
        <item>
          <name>Finance and Financial Sector</name>
        </item>
        <item>
          <name>Income tax</name>
        </item>
        <item>
          <name>Infrastructure</name>
        </item>
        <item>
          <name>Investments</name>
        </item>
        <item>
          <name>Small business</name>
        </item>
        <item>
          <name>Tax credits</name>
        </item>
        <item>
          <name>Urban affairs</name>
        </item>
        <item>
          <name>Venture capital</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2003-03-06</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2006-11-28T17:35:40Z</updateDate>
        <text><![CDATA[Amends the Internal Revenue Code, with respect to the new markets tax credit, to: (1) increase the national limit on the credit for FY 2003 and FY 2004; (2) require regulations under which one or more targeted populations may be treated as low-income communities, without regard to stated targeted area guidelines; and (3) include as a qualified community development entity any conditionally approved New Markets Venture Capital Company.]]></text>
      </summary>
    </summaries>
    <title>To amend the Internal Revenue Code of 1986 to provide increased incentives for business investments in low-income communities and small businesses.</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>To amend the Internal Revenue Code of 1986 to provide increased incentives for business investments in low-income communities and small businesses.</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Internal Revenue Code of 1986 to provide increased incentives for business investments in low-income communities and small businesses.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in House</type>
        <date>2003-03-06T05:00:00Z</date>
        <formats/>
      </item>
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    <latestAction>
      <actionDate>2003-03-06</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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