A bill to amend the Internal Revenue Code of 1986 to allow businesses to qualify as renewal community businesses if such businesses employ residents of certain other renewal communities.
Last action on Aug 1, 2002Read twice and referred to the Committee on Finance.
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Summary
Amends the Internal Revenue Code to allow business entities and proprietorships to meet the employment qualifications for being renewal community businesses by employing residents of adjacent or the next closest renewal communities.
Lifecycle of the Bill
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