2005 House Bill 4053

Tax break for “new market tax credit community”

Introduced in the House

Jan. 27, 2005

Introduced by Rep. Steve Tobocman (D-12)

To authorize a single business tax credit for investments in a “new market tax credit community” development entity. This is a new federal program intended to stimulate investment in urban and rural high poverty areas.

Referred to the Committee on Tax Policy