Economic Development Act of 2005
Latest action · Jul 1, 2005 Referred to the Subcommittee on Commercial and Administrative Law.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 18, 2005
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Economic Development Act of 2005 - Authorizes any State to provide to any person for economic development purposes tax incentives that otherwise would be the cause of discrimination against interstate commerce under the Commerce Clause of the Constitution. Makes exceptions for any incentive that: (1) is dependent upon State or country of incorporation, commercial domicile, or residence of an individual; (2) requires the recipient to acquire, lease, license, use, or provide services to property created in the State; (3) is reduced or eliminated as a result of an increase in out-of-State activity by the recipient or other person or as a result of such other person not having a taxable presence in the State; (4) results in loss of a compensating tax system, because the tax on interstate commerce exceeds the tax on intrastate commerce; (5) requires that other taxing jurisdictions offer reciprocal tax benefits; or (6) requires that a tax incentive earned with respect to one tax can only be used to reduce a tax burden for, or provide a tax benefit against any other tax that is not imposed on, apportioned interstate activities.
Cosponsors 52
Members who signed on, in the order they did. Signatures ran from May 18, 2005 to Mar 9, 2006; 30 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-FL | Allen Boyd | Original | May 18, 2005 |
| R-KY | Anne M. Northup | Original | May 18, 2005 |
| D-KY | Ben Chandler | Original | May 18, 2005 |
| D-LA | Charlie Melancon | Original | May 18, 2005 |
| R-MI | Dave Camp | Original | May 18, 2005 |
| D-CA | Dennis A. Cardoza | Original | May 18, 2005 |
| D-HI | Ed Case | Original | May 18, 2005 |
| R-KY | Ed Whitfield | Original | May 18, 2005 |
| D-CA | Ellen O. Tauscher | Original | May 18, 2005 |
| D-MS | Gene Taylor | Original | May 18, 2005 |
| R-KY | Geoff Davis | Original | May 18, 2005 |
| R-KY | Harold Rogers | Original | May 18, 2005 |
| R-NY | James T. Walsh | Original | May 18, 2005 |
| D-CA | Jane Harman | Original | May 18, 2005 |
| D-TN | Jim Cooper | Original | May 18, 2005 |
| R-TN | John J. Duncan, Jr. | Original | May 18, 2005 |
| R-NY | John M. McHugh | Original | May 18, 2005 |
| D-TN | John S. Tanner | Original | May 18, 2005 |
| D-CO | John T. Salazar | Original | May 18, 2005 |
| D-IA | Leonard L. Boswell | Original | May 18, 2005 |
| D-TN | Lincoln Davis | Original | May 18, 2005 |
| R-OH | Michael R. Turner | Original | May 18, 2005 |
| D-NC | Mike McIntyre | Original | May 18, 2005 |
| D-AR | Mike Ross | Original | May 18, 2005 |
| R-OH | Robert W. Ney | Original | May 18, 2005 |
| R-KY | Ron Lewis | Original | May 18, 2005 |
| D-GA | Sanford D. Bishop, Jr. | Original | May 18, 2005 |
| D-SD | Stephanie Herseth Sandlin | Original | May 18, 2005 |
| D-PA | Tim Holden | Original | May 18, 2005 |
| R-TN | William L. Jenkins | Original | May 18, 2005 |
| D-OK | Dan Boren | May 26, 2005 | |
| R-OH | Deborah Pryce | May 26, 2005 | |
| R-MI | Mike Rogers | May 26, 2005 | |
| R-CT | Nancy L. Johnson | May 26, 2005 | |
| R-CA | Darrell Issa | Jun 14, 2005 | |
| R-OH | Paul E. Gillmor | Jun 14, 2005 | |
| R-MO | Roy Blunt | Jun 14, 2005 | |
| R-OH | Steve Chabot | Jun 14, 2005 | |
| R-NE | Lee Terry | Jun 28, 2005 | |
| R-TX | Michael T. McCaul | Jul 11, 2005 | |
| D-MI | John Conyers, Jr. | Jul 19, 2005 | |
| R-OH | Michael G. Oxley | Jul 22, 2005 | |
| D-TN | Bart Gordon | Jul 26, 2005 | |
| R-OH | John A. Boehner | Jul 28, 2005 | |
| D-NJ | Robert E. Andrews | Jul 28, 2005 | |
| R-ID | C. L. (Butch) Otter | Sep 14, 2005 | |
| R-TN | Marsha Blackburn | Sep 14, 2005 | |
| R-TN | Zach Wamp | Sep 22, 2005 | |
| R-ID | Michael K. Simpson | Oct 20, 2005 | |
| R-CT | Christopher Shays | Nov 15, 2005 | |
| D-TN | Harold E. Ford Jr. | Feb 28, 2006 | |
| R-LA | Richard H. Baker | Mar 9, 2006 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Judiciary Committee | Referred May 18, 2005 |
| Commercial and Administrative Law Subcommittee | Referred Jul 1, 2005 |
Actions 3
Everything that happened, newest first.
- Jul 1, 2005Referred to the Subcommittee on Commercial and Administrative Law.
- May 18, 2005Introduced in House
- May 18, 2005Referred to the House Committee on the Judiciary.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1066 | Economic Development Act of 2005 | Identical bill | May 18, 2005 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To authorize the States (and subdivisions thereof), the District of Columbia, territories, and possessions of the United States to provide certain tax incentives to any person for economic development purposes.
- Short Titles as Introduced
- Economic Development Act of 2005
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- May 18, 2005Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.