H.R. 840

To amend the Internal Revenue Code of 1986 to allow for the expansion of areas designated as renewal communities based on 2000 census data.

Latest
        [Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 840 Introduced in House (IH)]

108th CONGRESS
1st Session
H. R. 840

To amend the Internal Revenue Code of 1986 to allow for the expansion
of areas designated as renewal communities based on 2000 census data.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

February 13, 2003

Mr. Quinn (for himself, Mr. Reynolds, Mr. Houghton, Ms. Slaughter, and
Mr. Walsh) introduced the following bill; which was referred to the
Committee on Ways and Means

_______________________________________________________________________

A BILL

To amend the Internal Revenue Code of 1986 to allow for the expansion
of areas designated as renewal communities based on 2000 census data.

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. EXPANSION OF DESIGNATED RENEWAL COMMUNITY AREA BASED ON 2000
CENSUS DATA.

(a) In General.--Section 1400E of the Internal Revenue Code of 1986
(relating to designation of renewal communities) is amended by adding
at the end the following new subsection:
``(g) Expansion of Designated Areas.--
``(1) Expansion based on 2000 census.--At the request of
the nominating entity with respect to a renewal community, the
Secretary of Housing and Urban Development may expand the area
of a renewal community to include any census tract--
``(A) which, at the time such community was
nominated, met the requirements of this section for
inclusion in such community but for the failure of such
tract to meet 1 or more of the population and poverty
rate requirements of this section using 1990 census
data, and
``(B) which meets all failed population and poverty
rate requirements of this section using 2000 census
data.
``(2) Expansion to certain areas which do not meet
population requirements.--
``(A) In general.--At the request of 1 or more
local governments and the State or States in which an
area described in subparagraph (B) is located, the
Secretary of Housing and Urban Development may expand a
designated area to include such area.
``(B) Area.--An area is described in this
subparagraph if--
``(i) the area is adjacent to at least 1
other area designated as a renewal community,
``(ii) the area has a population less than
the population required under subsection
(c)(2)(C), and
``(iii) the area meets the requirements of
subparagraphs (A) and (B) of subsection (c)(2)
and subparagraph (A) of subsection (c)(3).
``(3) Applicability.--Any expansion of a renewal community
under this section shall take effect as provided in subsection
(b).''.
(b) Effective Date.--The amendment made by subsection (a) shall
take effect as if included in the amendments made by section 101 of the
Community Renewal Tax Relief Act of 2000.
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