3.0.0 5346 2023-01-11T13:25:52Z 2023-01-11T13:25:52Z House H HR 2014-07-31 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. KIND:H.R. 5346.Congress has the power to enact this legislation pursuantto the following:Article I Section 8.[Page H7186]]]> hswm00 Ways and Means Committee House Standing Referred to 2014-07-31T13:09:20Z 2014-07-31 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2014-07-31 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-07-31 Introduced in House IntroReferral 1000 9 Library of Congress K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 N R000585 Rep. Reed, Tom [R-NY-23] Tom Reed R NY 23 2014-07-31 True Taxation Business investment and capital Income tax credits Rural conditions and development Small business Taxation 00 2014-07-31 Introduced in House 2014-08-22T17:57:21Z Rural Microbusiness Investment Credit Act of 2014 - Amends the Internal Revenue Code to allow a business-related tax credit for 35% of new investment in a rural microbusiness. Imposes limits on such credit for businesses and individual taxpayers.

Defines: (1) "rural microbusiness" as a trade or business that employs not more than 5 full-time employees in a taxable year and is carried on, and physically located, in a distressed rural area; and (2) "distressed rural area" as an area that has lost at least 5% of its population over the last 10 years or 10% of its population over the last 20 years, that has a median family income below 85 % of the national median family income, that has a poverty rate that exceeds 12.5%, or where average unemployment in the preceding year exceeds 120% of the national average.

]]> Rural Microbusiness Investment Credit Act of 2014 Display Title Rural Microbusiness Investment Credit Act of 2014 Official Title as Introduced To amend the Internal Revenue Code of 1986 to allow a business credit for investments in rural microbusinesses. Introduced in House IH Short Titles as Introduced Rural Microbusiness Investment Credit Act of 2014 Introduced in House 2014-07-31T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr5346ih/xml/BILLS-113hr5346ih.xml 2014-07-31 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.