3.0.0 3937 2023-01-11T13:21:21Z 2023-01-11T13:21:21Z Senate S S 2010-09-29 111 ssfi00 Finance Committee Senate Standing Referred to 2010-09-30T03:10:16Z 2010-09-29 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2010-09-29 Introduced in Senate IntroReferral 10000 9 Library of Congress G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. N Housing and Community Development Business investment and capital Economic development Farmland Historic sites and heritage areas Housing and community development funding Housing supply and affordability Income tax credits Income tax deductions Infrastructure development Land transfers Land use and conservation Parks, recreation areas, trails Public transit Real estate business Retail and wholesale trades Roads and highways State and local government operations Transportation costs Urban and suburban affairs and development Wages and earnings Housing and Community Development 00 2010-09-29 Introduced in Senate 2010-11-15T16:55:58Z Suburban Core Opportunity, Restoration, and Enhancement (SCORE) Act of 2010 - Authorizes the Secretary of Housing and Urban Development (HUD) to designate one or more SCORE project areas.

Conditions such a designation on whether: (1) the area is nominated by one or more local governments, including municipal and county authorities; and (2) the local government provides written assurances that it convened a SCORE advisory committee to enter into a collaborative community planning process to determine the SCORE project area to be nominated, and meets other related criteria.

Authorizes the Secretary to award competitive grants to local governments to: (1) create strategic plans for SCORE project areas; and (2) fund activities to revitalize such areas.

Requires a local government receiving a revitalization grant to establish a separate SCORE Reinvestment Fund. Requires such a grant to be used to: (1) acquire real, commercial, or industrial property and existing structures within a SCORE project area; (2) pay for engineers to develop or redevelop the property and structures; and (3) pay for property and structure construction, reconstruction, alteration, or rehabilitation, or to make substantial improvements to them.

Deems a business located within a SCORE project area and receiving community block grant funds under the Housing and Community Development Act of 1974 (HCDA) to have met specified requirements for any job creation or job retention effort undertaken with such funds, including the one that assisted activities benefit persons of low and moderate income.

Exempts any economic development project located within a SCORE project area receiving HCDA funds from HCDA public benefit standards.

Amends the Internal Revenue Code to allow: (1) a three-year work opportunity tax credit for the hiring of employees who perform services for a trade or business located in a SCORE project area; and (2) an additional depreciation allowance for business or investment property located in such an area.

]]> Suburban Core Opportunity, Restoration, and Enhancement (SCORE) Act of 2010 Display Title Suburban Core Opportunity, Restoration, and Enhancement (SCORE) Act of 2010 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 2010 Introduced in Senate 2010-09-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s3937is/xml/BILLS-111s3937is.xml 2010-09-29 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.