3.0.0 1340 2023-01-11T19:55:32Z 2023-01-11T19:55:32Z House H HR 2007-03-06 110 hswm00 Ways and Means Committee House Standing Referred to 2007-03-06T15:34:50Z 2007-03-06 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2007-03-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-03-06 Introduced in House IntroReferral 1000 9 Library of Congress F000452 Resident Commissioner Fortuno, Luis G. [R-PR-At Large] Luis Fortuno R PR G. N Taxation Commerce Congressional reporting requirements Corporation taxes Depreciation and amortization Depressed areas Economic growth Economics and Public Finance Enterprise zones Government Operations and Politics Government publicity Governmental investigations Income tax Labor and Employment Labor statistics Minimum tax Partnerships Poverty Self-employed Social Welfare Tax deductions Tax rates Unemployment Taxation 00 2007-03-06 Introduced in House 2007-03-24T15:52:42Z National Enterprise Zone Act of 2007 - Amends the Internal Revenue Code to direct the Secretary of the Treasury to designate areas in the United States and its possessions as National Enterprise Zones and to publish a list of such Zones. Requires a Zone to: (1) have more than 50,000 residents; (2) have a poverty rate of two times the national poverty rate; and (3) have an unemployment rate two times the national average.

Allows corporate and noncorporate taxpayers with taxable income from an active trade or business within such a Zone to elect a reduced alternative income tax in lieu of existing income and alternative minimum tax rates.

Requires the Secretary to study and report to Congress on the effectiveness of such program.

]]> National Enterprise Zone Act of 2007 Official Title as Introduced To amend the Internal Revenue Code of 1986 to promote freedom, fairness, and economic opportunity by establishing National Enterprise Zones to promote prosperity in economically depressed areas. Introduced in House IH Display Title National Enterprise Zone Act of 2007 Short Titles as Introduced National Enterprise Zone Act of 2007 Introduced in House 2007-03-06T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr1340ih/xml/BILLS-110hr1340ih.xml 2007-03-06 Referred to the House Committee on Ways and Means. 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.