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SENATE 76115th CongressResolution agreed to in Senate without amendment and with a preamble by Unanimous Consent.

A resolution expressing support for the designation of March 21, 2017, as "National Rosie the Riveter Day".

Last Action
3/15/2017

Actions

  • 2017-01-10Read twice and referred to the Committee on Finance.
  • 2017-01-10Introduced in Senate

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
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.