S.1896: Manufacturing Communities Investment Act

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about taxation
You can read the bill
Sponsor Sherrod Brown, D-Ohio
Total Cosponsors 4 (3 Democrats, 1 Independent)
Introduced Jan. 7, 2014
Latest Major Action Jan. 7, 2014
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Bill Progress

  • Bill introduced in the Senate   
  • Bill passed in the Senate   
  • Bill passed in the House   
  • Bill signed into law

Bill 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.

(Source: Congressional Research Service)

Bill Actions

Date Description
Jan. 7, 2014 Read twice and referred to the Committee on Finance.