Suburban Core Opportunity, Restoration, and Enhancement (SCORE) Act of 2005
Latest action · May 12, 2005 Read twice and referred to the Committee on Finance.
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 12, 2005
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Suburban Core Opportunity, Restoration, and Enhancement (SCORE) Act of 2005 - Defines "SCORE project area" as any area that: (1) is ineligible for renewal community designation under the Internal Revenue Code (the Code); (2) is not smaller than a census-designated place; and (3) includes some of the following, proximity to existing development and infrastructure (including mass transit), substandard or underutilized residential, commercial, and industrial properties, or an economically obsolescent regional mall (Greyfield mall), has an average housing cost-burden of at least 50 percent of gross income, or a 30 percent higher than average commercial vacancy rate.
Authorizes the Secretary of Housing and Urban Development (HUD) to: (1) designate SCORE project areas from among local government entity-designated areas; (2) make SCORE project area planning and revitalization grants. Requires a local government grantee to establish a SCORE Reinvestment Fund.
Sets forth provisions respecting housing units, businesses, and economic development projects in SCORE project areas that are receiving community development block grant funds.
Amends the Code to: (1) include SCORE project areas within the work opportunity tax credit; and (2) permit an additional first-year depreciation amount for certain SCORE project area residential real property or residential rental property.
Cosponsors
Members who signed on, in the order they did.
Actions 2
Everything that happened, newest first.
- May 12, 2005Introduced in Senate
- May 12, 2005Read twice and referred to the Committee on Finance.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 2347 | Suburban Core Opportunity, Restoration, and Enhancement (SCORE) Act of 2005 | Identical bill | Jun 3, 2005 |
Subjects
Assigned by the Library of Congress. Policy area: Housing and Community Development.
- Affordable housing
- Agriculture and Food
- Architecture
- Arts, Culture, Religion
- Auditing
- Block grants
- Citizen participation
- Commemorations
- Commerce
- Community development
- Construction costs
- Corporation taxes
- Depreciation and amortization
- Depressed areas
- Economic development
- Economics and Public Finance
- Environmental Protection
- Farm lands
- Federal aid to housing
- Finance and Financial Sector
- Financial statements
- Government Operations and Politics
- Government paperwork
- Government publicity
- Grants-in-aid
- Historic sites
- Housing and Community Development
- Housing finance
- Income tax
- Industrial buildings
- Infrastructure
- Job creation
- Labor and Employment
- Land transfers
- Local finance
- Local laws
- Marketing
- Mass rapid transit
- Metropolitan areas
- Minimum tax
- Nature conservation
- Open space lands
- Parks
- Pedestrians
- Property tax
- Public Lands and Natural Resources
- Public meetings
- Real estate appraisal
- Real estate development
- Recreation areas
- Recruiting of employees
- Retail trade
- Shopping centers
- Sports and Recreation
- Strategic planning
- Streets
- Suburbs
- Tax credits
- Tax deductions
- Taxation
- Transportation and Public Works
- Urban planning
Text 1
Each version as it was printed, newest first.
- May 12, 2005Introduced in Senate
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.