S. 1896 · 113th Congress
Manufacturing Communities Investment Act
- Stage
- In committee
- Sponsor
- Sherrod Brown
- Introduced
- 2014-01-07
- Latest action
- 2014-01-07 · Introduced in Senate
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.