[Congressional Record Volume 164, Number 124 (Tuesday, July 24, 2018)]
[Senate]
[Page S5310]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 3528. Mr. MENENDEZ submitted an amendment intended to be proposed
to amendment SA 3399 proposed by Mr. Shelby to the bill H.R. 6147,
making appropriations for the Department of the Interior, environment,
and related agencies for the fiscal year ending September 30, 2019, and
for other purposes; which was ordered to lie on the table; as follows:
At the appropriate place, insert the following:
treatment of certain unpopulated census tracts under new markets tax
credit
Sec. ___. (a) In General.--Section 45D(e)(4)(A) of the
Internal Revenue Code of 1986 is amended--
(1) by striking ``is within'' and inserting ``is--
``(i) within'',
(2) by striking ``and'' at the end and inserting ``or'',
and
(3) by adding at the end the following new clause:
``(ii) a census tract with a population of zero, and''.
(b) Effective Date.--The amendments made by this section
shall apply to investments made after the date of the
enactment of this Act.
______