3.0.0 6785 2023-01-11T13:41:33Z 2023-01-11T13:41:33Z House HR 2018-09-12 115 [Congressional Record Volume 164, Number 152 (Wednesday, September 12, 2018)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Miss GONZALEZ-COLON of Puerto Rico:H.R. 6785.Congress has the power to enact this legislation pursuantto the following:The Congress has the power to enact this legislationpursuant to Article I, Section 8, Clauses 1, 3, and 18 of theU.S. Constitution, which provide as follows:The Congress shall have Power To lay and collect Taxes,Duties, Imposts and Excises, to pay the Debts and provide forthe common Defence and general Welfare of the United States;but all Duties, Imposts and Excises shall be uniformthroughout the United States; [. . .]To regulate Commerce with foreign Nations, and among theseveral States, and with the Indian Tribes; [. . .]--AndTo make all laws which shall be necessary and proper forcarrying into Execution the foregoing Powers, and all otherPowers vested by this Constitution in the Government of theUnited States, or in any Department or Officer thereof.[Page H8171]]]> hswm00 Ways and Means Committee House Standing Referred to 2018-09-12T16:02:05Z 2018-09-12 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2018-09-12 Introduced in House IntroReferral Intro-H 9 Library of Congress 2018-09-12 Introduced in House IntroReferral 1000 9 Library of Congress G000582 Resident Commissioner González-Colón, Jenniffer [R-PR-At Large] Jenniffer Gonzalez-Colon R PR N T000193 Rep. Thompson, Bennie G. [D-MS-2] BENNIE THOMPSON D MS 2 2018-09-12 True Commerce Business investment and capital Economic development Housing and community development funding Income tax credits Wages and earnings Commerce 00 2018-09-12 Introduced in House 2019-08-14T20:16:46Z Economic Development Act for Distressed Zones of 2018

This bill provides various tax credits related to economically distressed zones, including a tax credit based on the amount of wages paid by an employer to employees in such a zone. The bill also establishes a procedure for state and local governments to apply for designation as an economically distressed zone.

]]> Economic Development Act for Distressed Zones of 2018 Display Title Economic Development Act for Distressed Zones of 2018 Official Title as Introduced To provide tax incentives to promote economic development in Economically Distressed Zones. Introduced in House IH Short Titles as Introduced Economic Development Act for Distressed Zones of 2018 Introduced in House 2018-09-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr6785ih/xml/BILLS-115hr6785ih.xml 2018-09-12 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.