3.0.0 110 2023-01-11T13:21:04Z 2023-01-11T13:21:04Z House H HR 2011-01-05 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. DeLAURO:H.R. 110.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1 of the United StatesConstitution.[Page H45]]]> hswm00 Ways and Means Committee House Standing Referred to 2011-01-05T17:14:15Z 112 1237 S 2011-06-21 Read twice and referred to the Committee on Finance. Identical bill CRS 2011-01-05 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2011-01-05 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-01-05 Introduced in House IntroReferral 1000 9 Library of Congress D000216 Rep. DeLauro, Rosa L. [D-CT-3] ROSA DELAURO D CT 3 N M001138 Rep. Manzullo, Donald A. [R-IL-16] DONALD MANZULLO R IL 16 2011-01-05 True R000577 Rep. Ryan, Tim [D-OH-17] TIM RYAN D OH 17 2011-01-26 False C001084 Rep. Cicilline, David N. [D-RI-1] David Cicilline D RI N. 1 2011-02-10 False S001174 Rep. Sutton, Betty [D-OH-13] Betty Sutton D OH 13 2011-02-10 False B000652 Rep. Boswell, Leonard L. [D-IA-3] LEONARD BOSWELL D IA L. 3 2011-02-10 False L000563 Rep. Lipinski, Daniel [D-IL-3] Daniel Lipinski D IL William 3 2011-03-11 False B001259 Rep. Braley, Bruce L. [D-IA-1] Bruce Braley D IA L. 1 2011-03-11 False M001169 Rep. Murphy, Christopher [D-CT-5] Christopher Murphy D CT S. 5 2011-03-11 False M001149 Rep. Michaud, Michael H. [D-ME-2] Michael Michaud D ME H. 2 2011-03-11 False T000469 Rep. Tonko, Paul [D-NY-21] Paul Tonko D NY 21 2011-03-11 False L000565 Rep. Loebsack, David [D-IA-2] David Loebsack D IA 2 2011-03-17 False D000482 Rep. Doyle, Michael F. [D-PA-14] MIKE DOYLE D PA 14 2011-03-17 False C001060 Rep. Carnahan, Russ [D-MO-3] Russ Carnahan D MO 3 2011-03-30 False H001059 Rep. Hultgren, Randy [R-IL-14] Randy Hultgren R IL 14 2011-04-06 False K000336 Rep. Kucinich, Dennis J. [D-OH-10] DENNIS KUCINICH D OH J. 10 2011-04-07 False H001047 Rep. Himes, James A. [D-CT-4] James Himes D CT A. 4 2011-07-22 False S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2011-07-29 False I000057 Rep. Israel, Steve [D-NY-2] STEVE ISRAEL D NY 2 2011-10-26 False S001182 Rep. Schilling, Robert T. [R-IL-17] Robert Schilling R IL T. 17 2012-01-23 False Taxation Business investment and capital Income tax deductions Income tax exclusion Manufacturing Taxation

00 2011-01-05 Introduced in House 2011-02-07T20:14:44Z Manufacturing Reinvestment Account Act of 2011 - Amends the Internal Revenue Code to establish tax-exempt manufacturing reinvestment accounts (MRAs) for taxpayers engaged in a manufacturing business. Allows such manufacturers to make tax deductible cash payments into an MRA of the lesser of their domestic manufacturing gross receipts for the taxable year or $500,000. Permits expenditures from an MRA for expenses for property to be used in the manufacturing business and expenses for employee job training and workforce development. Imposes a 10% tax on amounts in an MRA that are not distributed within 7 years. Terminates the tax deduction for payments to an MRA 10 years after the enactment of this Act.

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Display Title Official Title as Introduced Introduced in House IH Short Titles as Introduced Introduced in House 2011-01-05T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr110ih/xml/BILLS-112hr110ih.xml 2011-01-05 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.