3.0.0 3 2023-01-11T13:33:58Z 2023-01-11T13:33:58Z Senate S 2016-11-15 114 ssfi00 Finance Committee Senate Standing Referred to 2016-11-16T02:37:53Z CORE Act 114 6403 HR 2016-11-30 Referred to the House Committee on Ways and Means. Related bill CRS 2016-11-15 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2016-11-15 Introduced in Senate IntroReferral 10000 9 Library of Congress C001047 Sen. Capito, Shelley Moore [R-WV] Shelley Capito R WV Moore N Taxation Coal Economic development Housing and community development funding Income tax credits Mining Unemployment Taxation 00 2016-11-15 Introduced in Senate 2016-12-05T20:57:15Z Creating Opportunities for Rural Economic Expansion 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.

]]> Creating Opportunities for Rural Economic Expansion Act Display Title Creating Opportunities for Rural Economic Expansion Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide additional new markets tax credits for distressed coal communities. Introduced in Senate IS Short Titles as Introduced Creating Opportunities for Rural Economic Expansion Act Short Titles as Introduced CORE Act Introduced in Senate 2016-11-15T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s3is/xml/BILLS-114s3is.xml 2016-11-15 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.