3.0.0 1525 2022-11-01T17:03:26Z 2022-11-01T17:03:26Z House HR 2019-03-05 116 [Congressional Record Volume 165, Number 39 (Tuesday, March 5, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Miss GONZALEZ-COLON of Puerto Rico:H.R. 1525.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 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; [. . .]--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 H2369]]]> hswm00 Ways and Means Committee House Standing Referred to 2019-03-05T17:05:05Z Securing the National Supply Chain Act of 2020 116 6443 HR 2020-04-03 Referred to the House Committee on Ways and Means. Related bill CRS 2019-03-05 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-03-05 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-03-05 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 K000368 Rep. Kirkpatrick, Ann [D-AZ-2] Ann Kirkpatrick D AZ 2 2019-03-05 True Y000033 Rep. Young, Don [R-AK-At Large] DON YOUNG R AK E. 0 2019-08-20 False Taxation Business investment and capital Commerce Community life and organization Economic development Housing and community development funding Income tax credits Minority and disadvantaged businesses Poverty and welfare assistance Public-private cooperation Wages and earnings Taxation 00 2019-03-05 Introduced in House 2020-02-19T17:58:01Z Economic Development Act for Distressed Zones of 2019

This bill provides various tax credits related to economically distressed zones and establishes a procedure for state and local governments to apply for such zone designation.

Specifically, the bill provides credits to taxpayers in an economically distressed zone based on the amount of (1) wages paid by an employer to employees, (2) depreciation and amortization allowances for business property, and (3) trade or business payments made for purchases of services or property.

The bill also allows state and local governments to apply for a population census tract under their ambit to be designated as an economically distressed zone

]]> Economic Development Act for Distressed Zones of 2019 Display Title Economic Development Act for Distressed Zones of 2019 Official Title as Introduced To provide tax incentives to promote economic development in economically distressed zones. Introduced in House IH Short Title(s) as Introduced Economic Development Act for Distressed Zones of 2019 Introduced in House IH Introduced in House 2019-03-05T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr1525ih/xml/BILLS-116hr1525ih.xml 2019-03-05 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.