Search Results for keywords:"new markets tax credit"

Search Results: keywords:"new markets tax credit"

H. R. 10088 — To appropriate certain amounts to provide assistance under the Robert T. Stafford Disaster Relief and Emergency Assistance Act, to rescind certain unobligated balances, and to establish additional new markets tax credit for low-income communities affected by Hurricanes Helene and Milton, and for other purposes.
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November 01, 2024
Status:Introduced in House
Congress:118
Words:871
H.R. 10088, known as the "Helene Recovery Support Act," aims to allocate funds for disaster assistance and tax benefits related to major disasters. The bill proposes $12.5 billion for FEMA disaster relief for areas impacted by emergencies like Hurricanes Helene and Milton. It...
Simple Explanation
H.R. 10088 is a plan to give money and help to places hit by big storms, like Hurricanes Helene and Milton, and also to take back some money that wasn’t being used. They want to help people by fixing and building things, giving loans, and offering special tax benefits to areas that need the most help.
H. R. 8318 — To amend the Internal Revenue Code of 1986 to treat Indian Tribal Governments in the same manner as State governments for certain Federal tax purposes, and for other purposes.
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May 08, 2024
Status:Introduced in House
Congress:118
Words:7,232
The bill, H.R. 8318, titled the "Tribal Tax and Investment Reform Act of 2024," aims to amend the Internal Revenue Code of 1986 to treat Indian Tribal Governments similarly to State governments for specific federal tax purposes. It proposes measures to establish tax parity for Tribes,...
Simple Explanation
The bill wants to make sure that Native American Tribal Governments are treated the same as state governments when it comes to taxes. This means they can do things like borrow money more easily to help their communities grow, just like states can.

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