There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (06/23/1992)

Urban Entrepreneurial Opportunities Act - Amends the Internal Revenue Code to allow a deduction for equity contributions made by a corporation to an urban entrepreneurial opportunity financing subsidiary of such corporation. Requires the subsidiary to use such contribution in making qualified enterprise zone business loans to qualified small business concerns.

Establishes an overall program limitation among the contributing corporations to be allocated by the Secretary of Housing and Urban Development.