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- S.4418
S.4418: Community Development Investment Tax Credit Act of 2022
About This Bill
- Introduced June 16, 2022
- Latest Major Action June 16, 2022
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
3 (1 Democrat, 2 Republicans)
Bill Version
- Introduced in Senate - June 16, 2022
Bill Summary
Community Development Investment Tax Credit Act of 2022 This bill allows a new tax credit for investment in Community Development Financial Institutions (CDFIs) to benefit underserved communities. The credit amount is a specified percentage of investment in a CDFI during successive ten year periods. The total credit amount is capped at $1 billion in 2022, $1.5 billion in 2023, and $2 billion in 2024 and each year thereafter, adjusted for...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| June 16, 2022 |
Read twice and referred to the Committee on Finance.
|
| June 16, 2022 |
Introduced in the Senate by Mark Warner (D-Va.) |