3.0.0 2963 2025-12-05T09:15:11Z 2025-12-05T09:15:11Z Senate S S 2023-09-28 118 https://www.congress.gov/bill/118th-congress/senate-bill/2963 ssfi00 Finance Committee Senate Standing Referred To 2023-09-28T15:04:25Z 118 6650 HR 2023-12-06 Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Identical bill CRS 2023-09-28 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2023-09-28 Introduced in Senate IntroReferral 10000 9 Library of Congress W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. N W000437 Sen. Wicker, Roger F. [R-MS] Roger Wicker R MS F. 2023-09-28 True P000595 Sen. Peters, Gary C. [D-MI] Gary Peters D MI 2023-09-28 True H001079 Sen. Hyde-Smith, Cindy [R-MS] Cindy Hyde-Smith R MS 2023-09-28 True M000934 Sen. Moran, Jerry [R-KS] Jerry Moran R KS 2023-09-28 True V000128 Sen. Van Hollen, Chris [D-MD] Chris Van Hollen D MD 2023-09-28 True B001236 Sen. Boozman, John [R-AR] John Boozman R AR 2024-03-05 False G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2024-03-05 False H001076 Sen. Hassan, Margaret Wood [D-NH] Maggie Hassan D NH 2024-03-05 False B001243 Sen. Blackburn, Marsha [R-TN] Marsha Blackburn R TN 2024-03-19 False Taxation Taxation 2023-10-16T15:15:31Z

00 2023-09-28 Introduced in Senate 2023-10-23T19:22:46Z <p> <strong>Community Development Investment Tax Credit Act of 2023 </strong></p> <p>This bill allows investors a business-related tax credit for investment in a Community Development Financial Institution (CDFI). The applicable percentage of such credit is 3% for the first 10 years of investment in a CDFI with a 1% increase after the initial credit allowance date and for investments without a fixed term or duration.</p> <p>The tax credit is available to investors who invest in various CDFIs to provide financial support for increasing wealth in low- and moderate-income communities. The national limitation on the credit is $1 billion for 2022, $1.5 billion for 2023, and $2 billion for 2024 and each year thereafter, with adjustments for inflation.</p>

Display Title 45 2024-07-24T15:20:14Z Short Title(s) as Introduced 101 2024-05-24T13:36:01Z Introduced in Senate IS Official Title as Introduced 6 2024-03-06T11:08:27Z Introduced in Senate IS Introduced in Senate 2023-09-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s2963is/xml/BILLS-118s2963is.xml 2023-09-28 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.