3.0.0 3584 2023-01-11T13:37:13Z 2023-01-11T13:37:13Z House HR 2017-07-28 115 [Congressional Record Volume 163, Number 128 (Friday, July 28, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. ESPAILLAT:H.R. 3584.Congress has the power to enact this legislation pursuantto the following:Article One of the United States Constitution, section 8,clause 18:The Congress shall have Power--To make all Laws which shallbe necessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by thisConstitution in the Government of the United States, or inany Department or Officer thereoforArticle One of the United States Constitution, Section 8,Clause 3:The Congress shall have Power--To regulate Commerce withforeign Nations, and among the several States, and with theIndian tribes;[Page H6579]]]> hswm00 Ways and Means Committee House Standing Referred to 2017-07-28T13:08:50Z 2017-07-28 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-07-28 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-07-28 Introduced in House IntroReferral 1000 9 Library of Congress E000297 Rep. Espaillat, Adriano [D-NY-13] Adriano Espaillat D NY 13 N S000248 Rep. Serrano, Jose E. [D-NY-15] JOSE SERRANO D NY E. 15 2017-07-28 True V000081 Rep. Velazquez, Nydia M. [D-NY-7] NYDIA VELAZQUEZ D NY M. 7 2017-07-28 True R000395 Rep. Rogers, Harold [R-KY-5] HAROLD ROGERS R KY 5 2017-07-28 True N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2017-07-28 True Taxation Economic development Educational facilities and institutions Elementary and secondary education Income tax credits Securities Taxation 00 2017-07-28 Introduced in House 2018-01-03T19:39:06Z This bill amends the Internal Revenue Code, with respect to empowerment zones, to: (1) extend the termination date for empowerment zone designations to December 31, 2020, and (2) allow nominations for existing zones to be amended to provide for the new termination date.

(Empowerment zones are federally designated geographic areas where certain federal tax incentives and grants are allowed to increase investment and employment.)

The bill also extends the $400 million annual limitation for qualified zone academy bonds to 2018, 2019, and 2020. (Under current law, the limit is zero after 2016 unless provisions permitting the carryover of unused limitation apply.)

]]> To amend the Internal Revenue Code of 1986 to extend certain credits against tax related to empowerment zones. Display Title To amend the Internal Revenue Code of 1986 to extend certain credits against tax related to empowerment zones. Official Title as Introduced To amend the Internal Revenue Code of 1986 to extend certain credits against tax related to empowerment zones. Introduced in House IH Introduced in House 2017-07-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr3584ih/xml/BILLS-115hr3584ih.xml 2017-07-28 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.