3.0.0 6403 2023-01-11T13:34:01Z 2023-01-11T13:34:01Z House HR 2016-11-30 114 [Congressional Record Volume 162, Number 171 (Wednesday, November 30, 2016)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. JENKINS of West Virginia:H.R. 6403.Congress has the power to enact this legislation pursuantto the following:Article 1 Section 8 of the United States Constitution.[Page H7059]]]> hswm00 Ways and Means Committee House Standing Referred to 2016-11-30T15:00:07Z Creating Opportunities for Rural Economic Expansion Act 114 3 S 2016-11-15 Read twice and referred to the Committee on Finance. Related bill CRS 2016-11-30 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2016-11-30 Sponsor introductory remarks on measure. (CR H6370) IntroReferral B00100 9 Library of Congress 2016-11-30 Introduced in House IntroReferral Intro-H 9 Library of Congress 2016-11-30 Introduced in House IntroReferral 1000 9 Library of Congress J000297 Rep. Jenkins, Evan H. [R-WV-3] Evan Jenkins R WV H. 3 N Taxation Coal Economic development Housing and community development funding Income tax credits Mining Unemployment Taxation 00 2016-11-30 Introduced in House 2016-12-05T21:00:25Z Creating Opportunities for Rural Economies Act or the CORE Act

This bill amends the Internal Revenue Code to require at least 5% of the new markets tax credit limitation to be allocated to community development entities in connection with certain investments, financial counseling, and other services in distressed coal communities.

A "distressed coal community" is any low-income community located in a county that: (1) was one of the 30 counties with the biggest employment decrease among coal operators over a specified time period; or (2) is contiguous to a county that has the required decrease in employment, is located in the same state, and contains at least one low-income community.

]]> CORE Act Display Title CORE Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide additional new markets tax credits for distressed coal communities. Introduced in House IH Short Titles as Introduced CORE Act Short Titles as Introduced Creating Opportunities for Rural Economies Act Introduced in House 2016-11-30T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr6403ih/xml/BILLS-114hr6403ih.xml 2016-11-30 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.