[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3124 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 3124

    To amend the Internal Revenue Code of 1986 to remove private or 
  commercial golf courses and country clubs from the list of uses for 
                 which certain proceeds cannot be used.


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                    IN THE HOUSE OF REPRESENTATIVES

                              May 5, 2023

Ms. Tenney (for herself and Mr. Panetta) introduced the following bill; 
         which was referred to the Committee on Ways and Means

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                                 A BILL


 
    To amend the Internal Revenue Code of 1986 to remove private or 
  commercial golf courses and country clubs from the list of uses for 
                 which certain proceeds cannot be used.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REPEAL OF RESTRICTIONS ON USE OF CERTAIN PROCEEDS FOR 
              PRIVATE OR COMMERCIAL GOLF COURSES AND COUNTRY CLUBS.

    (a) In General.--Section 144 of the Internal Revenue Code of 1986 
is amended by striking ``private or commercial golf course, country 
club,'' each place it appears.
    (b) Effective Dates.--
            (1) In general.--The amendment made by this section shall 
        apply to obligations issued after the date of the enactment of 
        this Act.
            (2) Special rule for empowerment zone employment credit.--
        For purposes of section 1396(d)(2) of the Internal Revenue Code 
        of 1986, the amendment made by subsection (a) shall apply to 
        individuals who begin work for the employer after the date of 
        the enactment of this Act.
            (3) Special rule for empowerment zone business and 
        opportunity zones.--For purposes of sections 1397C(d)(5) and 
        1400Z-2(d)(3)(A) of the Internal Revenue Code of 1986, the 
        amendment made by subsection (a) shall apply to taxable years 
        beginning after the date of the enactment of this Act.
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