CORE Act
- Last Action
- 1/10/2017
Actions
- 2017-01-10Referred to the House Committee on Ways and Means.
- 2017-01-10Introduced in House
- 2017-01-10Introduced in House
CRS Summary
As of 2017-01-10 (00)
Creating Opportunities for Rural Economies 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.
Subjects
- Coal
- Economic development
- Housing and community development funding
- Income tax credits
- Mining
- Unemployment
Sourced from Congress.gov (public domain).
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