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- H.R.508
H.R.508: Urban Entrepreneurial Opportunities Act
About This Bill
- Introduced Jan. 21, 1993
- Latest Major Action Jan. 21, 1993
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
21 (2 Democrats, 19 Republicans)
Bill Summary
Urban Entrepreneurial Opportunities Act - Amends the Internal Revenue Code to allow a deduction for equity contributions made by a corporation to an urban entrepreneurial opportunity financing subsidiary of such corporation. Requires the subsidiary to use such contribution in making qualified enterprise zone business loans to qualified small business concerns. Establishes an overall program limitation among the contributing corporations to be...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| Jan. 21, 1993 |
Introduced in the House by Gary A. Franks (R-Conn.) |