3.0.0 2733 2023-01-14T22:48:26Z 2023-01-14T22:48:26Z Senate S S 2004-07-22 108 ssfi00 Finance Committee Senate Standing Referred to 2004-07-22T21:01:39Z National Enterprise Zone Act of 2004 108 4901 HR 2004-07-22 Referred to the House Committee on Ways and Means. Related bill CRS 2004-07-22 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2004-07-22 Introduced in Senate IntroReferral 10000 9 Library of Congress B000953 Sen. Brownback, Sam [R-KS] SAM BROWNBACK R KS N Taxation Accounting Capital gains tax Commerce Corporation taxes Depreciation and amortization Depressed areas Economics and Public Finance Education Educational accountability Elementary and secondary education Elementary education Enterprise zones Estates (Law) Families Finance and Financial Sector Government Operations and Politics Government paperwork Income tax Inventories Law Local laws Local taxation Married people Residence requirements Saving and investment Secondary education State laws State taxation Tax deductions Tax exclusion Tax incentives Tax rates Trusts and trustees Urban affairs Taxation 00 2004-07-22 Introduced in Senate 2004-10-04T14:54:48Z National Enterprise Zone Act of 2004 - Amends the Internal Revenue Code to authorize: (1) the governor of a State or U.S. territory or the Mayor of the District of Columbia to nominate by written application one or more enterprise zones for consideration by the Secretary of the Treasury; and (2) any resident of an enterprise zone, including estates, trusts, and corporations (other than S corporations), to elect an alternative income tax based upon National Enterprise Zone taxable income.

Sets forth: (1) procedures for applications and eligibility criteria for designating an enterprise zone, including population, poverty, and unemployment rate requirements; and (2) rules for determining National Enterprise Zone taxable income for individuals and corporations residing in such a Zone. Requires all jurisdictions seeking enterprise zone designations to be in substantial compliance with the No Child Left Behind Act of 2001 and certain tax laws.

]]> National Enterprise Zone Act of 2004 Display Title National Enterprise Zone Act of 2004 Official Title as Introduced A bill to promote freedom, fairness, and economic opportunity by establishing a National Enterprise Zone system to promote prosperity in economically depressed areas. Introduced in Senate IS Short Titles as Introduced National Enterprise Zone Act of 2004 Introduced in Senate 2004-07-22T04:00:00Z 2004-07-22 Read twice and referred to the Committee on Finance. text/xml EN 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. Congressional Research Service, Library of Congress 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.