National Enterprise Zone Act of 2007
Latest action · Mar 6, 2007 Referred to the House Committee on Ways and Means.
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.
- IntroducedMar 6, 2007
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
National Enterprise Zone Act of 2007 - Amends the Internal Revenue Code to direct the Secretary of the Treasury to designate areas in the United States and its possessions as National Enterprise Zones and to publish a list of such Zones. Requires a Zone to: (1) have more than 50,000 residents; (2) have a poverty rate of two times the national poverty rate; and (3) have an unemployment rate two times the national average.
Allows corporate and noncorporate taxpayers with taxable income from an active trade or business within such a Zone to elect a reduced alternative income tax in lieu of existing income and alternative minimum tax rates.
Requires the Secretary to study and report to Congress on the effectiveness of such program.
Cosponsors
Members who signed on, in the order they did.
Actions 2
Everything that happened, newest first.
- Mar 6, 2007Introduced in House
- Mar 6, 2007Referred to the House Committee on Ways and Means.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Commerce
- Congressional reporting requirements
- Corporation taxes
- Depreciation and amortization
- Depressed areas
- Economic growth
- Economics and Public Finance
- Enterprise zones
- Government Operations and Politics
- Government publicity
- Governmental investigations
- Income tax
- Labor and Employment
- Labor statistics
- Minimum tax
- Partnerships
- Poverty
- Self-employed
- Social Welfare
- Tax deductions
- Tax rates
- Taxation
- Unemployment
Text 1
Each version as it was printed, newest first.
- Mar 6, 2007Introduced 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.