H.R. 3735 · 113th Congress

Manufacturing Communities Investment Act

Stage
In committee
Introduced
2013-12-12
Latest action
2013-12-12 · Introduced in House

Summary

Manufacturing Communities Investment Act - Amends the Internal Revenue Code, with respect to the new markets tax credit, to: (1) increase to $5 billion and extend through 2016 the national limitation amount for such credit, and (2) allow an additional $1 billion allocation of such credit in 2014, 2015, and 2016, for a qualified community development entity only if a significant mission of such entity is providing investments and services to manufacturing businesses in communities that have suffered major manufacturing job losses or a major job loss event.