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- H.R.1428
H.R.1428: To amend the Internal Revenue Code of 1986 to extend the Renewal Community program through end of 2012.
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced April 7, 2011
- Latest Major Action April 7, 2011
Bill Sponsor
Bill Cosponsors
7 (All Democrats)
Bill Summary
Amends the Internal Revenue Code to extend through December 31, 2012, the designation period of areas as renewal communities and tax incentives for investment in such areas, including: (1) the exclusion from gross income for income tax purposes of gain from the sale or exchange of assets (stock or business property) in such areas, (2) the tax deduction for commercial revitalization expenditures in such areas, and (3) an increased expensing...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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April 7, 2011 |
Introduced in the House by Brian Higgins (D-N.Y.) |