All Information (Except Text) for S.3 - CORE Act114th Congress (2015-2016)
|Sponsor:||Sen. Capito, Shelley Moore [R-WV] (Introduced 11/15/2016)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 11/15/2016 Read twice and referred to the Committee on Finance. (All Actions)|
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Short Titles - Senate
Short Titles as Introduced
Creating Opportunities for Rural Economic Expansion Act
Actions Overview (1)
|11/15/2016||Introduced in Senate|
11/15/2016 Introduced in Senate
All Actions (1)
|11/15/2016||Read twice and referred to the Committee on Finance.|
Action By: Senate
11/15/2016 Read twice and referred to the Committee on Finance.
|Committee / Subcommittee||Date||Activity||Reports|
|Senate Finance||11/15/2016||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
Latest Summary (1)
Introduced in Senate (11/15/2016)
Creating Opportunities for Rural Economic Expansion Act or the CORE Act
This bill amends the Internal Revenue Code to require at least 5% of the new markets tax credit limitation to be allocated to community development entities in connection with certain investments, financial counseling, and other services in distressed coal communities.
A "distressed coal community" is any low-income community located in a county that: (1) was one of the 30 counties with the biggest employment decrease among coal operators over a specified time period; or (2) is contiguous to a county that has the required decrease in employment, is located in the same state, and contains at least one low-income community.