S.Amdt. 3528Senate115th Congress (2017-2019)2nd degree
S.Amdt. 3528
Sponsored by
Sen. Robert Menendez (D-NJ)
Submitted July 24, 2018
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Senate amendment submitted
July 24, 2018
Text
Submitted
SA 3528. Mr. MENENDEZ submitted an amendment intended to be proposed to amendment SA 3399 proposed by Mr. Shelby to the bill H.R. 6147, making appropriations for the Department of the Interior, environment, and related agencies for the fiscal year ending September 30, 2019, and for other purposes; which was ordered to lie on the table; as follows: At the appropriate place, insert the following: treatment of certain unpopulated census tracts under new markets tax credit Sec. ___. (a) In General.--Section 45D(e)(4)(A) of the Internal Revenue Code of 1986 is amended-- (1) by striking ``is within'' and inserting ``is-- ``(i) within'', (2) by striking ``and'' at the end and inserting ``or'', and (3) by adding at the end the following new clause: ``(ii) a census tract with a population of zero, and''. (b) Effective Date.--The amendments made by this section shall apply to investments made after the date of the enactment of this Act. ______