3.0.0 1024 2023-01-13T04:47:45Z 2023-01-13T04:47:45Z Senate S S 2005-05-12 109 ssfi00 Finance Committee Senate Standing Referred to 2005-05-12T22:04:25Z Suburban Core Opportunity, Restoration, and Enhancement (SCORE) Act of 2005 109 2347 HR 2005-06-03 Referred to the Subcommittee on Housing and Community Opportunity. Identical bill CRS 2005-05-12 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2005-05-12 Introduced in Senate IntroReferral 10000 9 Library of Congress C001041 Sen. Clinton, Hillary Rodham [D-NY] HILLARY CLINTON D NY R N Housing and Community Development Affordable housing Agriculture and Food Architecture Arts, Culture, Religion Auditing Block grants Citizen participation Commemorations Commerce Community development Construction costs Corporation taxes Depreciation and amortization Depressed areas Economic development Economics and Public Finance Environmental Protection Farm lands Federal aid to housing Finance and Financial Sector Financial statements Government Operations and Politics Government paperwork Government publicity Grants-in-aid Historic sites Housing finance Income tax Industrial buildings Infrastructure Job creation Labor and Employment Land transfers Local finance Local laws Marketing Mass rapid transit Metropolitan areas Minimum tax Nature conservation Open space lands Parks Pedestrians Property tax Public Lands and Natural Resources Public meetings Real estate appraisal Real estate development Recreation areas Recruiting of employees Retail trade Shopping centers Sports and Recreation Strategic planning Streets Suburbs Tax credits Tax deductions Taxation Transportation and Public Works Urban planning Housing and Community Development 00 2005-05-12 Introduced in Senate 2005-06-15T20:23:00Z Suburban Core Opportunity, Restoration, and Enhancement (SCORE) Act of 2005 - Defines "SCORE project area" as any area that: (1) is ineligible for renewal community designation under the Internal Revenue Code (the Code); (2) is not smaller than a census-designated place; and (3) includes some of the following, proximity to existing development and infrastructure (including mass transit), substandard or underutilized residential, commercial, and industrial properties, or an economically obsolescent regional mall (Greyfield mall), has an average housing cost-burden of at least 50 percent of gross income, or a 30 percent higher than average commercial vacancy rate.

Authorizes the Secretary of Housing and Urban Development (HUD) to: (1) designate SCORE project areas from among local government entity-designated areas; (2) make SCORE project area planning and revitalization grants. Requires a local government grantee to establish a SCORE Reinvestment Fund.

Sets forth provisions respecting housing units, businesses, and economic development projects in SCORE project areas that are receiving community development block grant funds.

Amends the Code to: (1) include SCORE project areas within the work opportunity tax credit; and (2) permit an additional first-year depreciation amount for certain SCORE project area residential real property or residential rental property.

]]> Suburban Core Opportunity, Restoration, and Enhancement (SCORE) Act of 2005 Display Title Suburban Core Opportunity, Restoration, and Enhancement (SCORE) Act of 2005 Official Title as Introduced A bill to revitalize suburban communities, and for other purposes. Introduced in Senate IS Short Titles as Introduced Suburban Core Opportunity, Restoration, and Enhancement (SCORE) Act of 2005 Popular Titles SCORE bill 9 Library of Congress Introduced in Senate 2005-05-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s1024is/xml/BILLS-109s1024is.xml 2005-05-12 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.