To make a technical correction to the HUBZone designation process.
What it does: Adds SEC. __. IDENTIFICATION OF QUALIFIED CENSUS TRACTS BY THE SECRETARY OF HOUSING AND URBAN DEVELOPMENT at the end of the bill
Sen. Jeff Merkley (D-OR)What it changes
1 change to S. 782 · shown in the bill's text
Adds SEC. __. IDENTIFICATION OF QUALIFIED CENSUS TRACTS BY THE SECRETARY OF HOUSING AND URBAN DEVELOPMENT at the end of the bill
Adds a sectionIn S. 782 · Reported to Senate
(3) the Small Business Administration.
Inserted: SEC. __. IDENTIFICATION OF QUALIFIED CENSUS TRACTS BY THE SECRETARY OF HOUSING AND URBAN DEVELOPMENT.
Inserted: (a) Designation of Qualified Census Tracts.--Not later than 2 weeks after the date on which the Secretary of Housing and Urban Development receives from the Census Bureau the data obtained from each decennial census relating to census tracts, the Secretary of Housing and Urban Development shall identify census tracts that meet the requirements of section 42(d)(5)(B)(ii) of the Internal Revenue Code of 1986 (determined without regard to Secretarial designation) and shall deem such census tracts to be qualified census tracts (as defined in such section) solely for purposes of determining which areas qualify as HUBZones under section 3(p)(1)(A) of the Small Business Act (15 U.S.C. 632(p)(1)(A)).
Inserted: (b) Effective Date.--The Administrator of the Small Business Administration shall designate a date that is not later than 3 months after the date on which the Secretary of Housing and Urban Development identifies qualified census tracts under subsection (a) as the effective date for areas that qualify as HUBZones under section 3(p)(1)(A) of the Small Business Act (15 U.S.C. 632(p)(1)(A)).
Inserted: (c) Rule of Construction.--Nothing in this section may be construed to affect--
Inserted: (1) the date on which a census tract is designated as a qualified census tract for purposes of section 42 of the Internal Revenue Code of 1986; or
Inserted: (2) the method used by the Secretary of Housing and Urban Development to designate census tracts as qualified census tracts in a year in which the Secretary of Housing and Urban Development receives no data from the Census Bureau relating to census tract boundaries.
Original wording
At the end, add the following:
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As printed
At the end, add the following:
SEC. __. IDENTIFICATION OF QUALIFIED CENSUS TRACTS BY THE SECRETARY OF HOUSING AND URBAN DEVELOPMENT.
(a) Designation of Qualified Census Tracts.--Not later than 2 weeks after the date on which the Secretary of Housing and Urban Development receives from the Census Bureau the data obtained from each decennial census relating to census tracts, the Secretary of Housing and Urban Development shall identify census tracts that meet the requirements of section 42(d)(5)(B)(ii) of the Internal Revenue Code of 1986 (determined without regard to Secretarial designation) and shall deem such census tracts to be qualified census tracts (as defined in such section) solely for purposes of determining which areas qualify as HUBZones under section 3(p)(1)(A) of the Small Business Act (15 U.S.C. 632(p)(1)(A)).
(b) Effective Date.--The Administrator of the Small Business Administration shall designate a date that is not later than 3 months after the date on which the Secretary of Housing and Urban Development identifies qualified census tracts under subsection (a) as the effective date for areas that qualify as HUBZones under section 3(p)(1)(A) of the Small Business Act (15 U.S.C. 632(p)(1)(A)).
(c) Rule of Construction.--Nothing in this section may be construed to affect--
(1) the date on which a census tract is designated as a qualified census tract for purposes of section 42 of the Internal Revenue Code of 1986; or
(2) the method used by the Secretary of Housing and Urban Development to designate census tracts as qualified census tracts in a year in which the Secretary of Housing and Urban Development receives no data from the Census Bureau relating to census tract boundaries.
Legislative Activity
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Considered by Senate. (consideration: CR S3962)
June 21, 2011
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Considered by Senate. (consideration: CR S3962)
June 21, 2011
Considered by Senate. (consideration: CR S3852)
June 16, 2011
Considered by Senate. (consideration: CR S3847)
June 15, 2011
Considered by Senate. (consideration: CR S3752)
June 14, 2011
Senate amendment proposed (on the floor): Amendment SA 427 proposed by Senator Merkley.
June 9, 2011
Amendment SA 427 proposed by Senator Merkley. (consideration: CR S3665; text: CR S3665) To make a technical correction to the HUBZone designation process.
June 9, 2011
Senate amendment submitted
June 8, 2011