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- H.R.1519
H.R.1519: Low Income Community Development Tax Credit Act of 1995
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about taxation
- Introduced April 7, 1995
- Latest Major Action April 7, 1995
Bill Sponsor
Bill Summary
Low Income Community Development Tax Credit Act of 1995 - Amends the Internal Revenue Code to allow, as part of the general business credit, a tax credit (equal to a percentage of its basis) for placing a nonresidential building in service in a distressed area, with a greater credit allowed for a new building than an existing building. Provides for calculation of the basis of such buildings according to the rules governing the low-income...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| April 7, 1995 |
Introduced in the House by Maxine Waters (D-Calif.) |