Income tax and corporation franchise tax; authorize a credit for financial institutions making certain loans or investments.
An Act To Authorize An Income Tax Credit And Corporation Franchise Tax Credit For Financial Institutions For Qualified Loans Or Qualified Long-term Investments Made To Community Development Financial Institutions That Are Certified By The United States Department Of The Treasury's Community Development Financial Institutions Fund; To Provide For The Amount Of The Credit; To Authorize An Income Tax Credit And Corporation Franchise Tax Credit For Financial Institutions For Grants, Contributions, Or Qualified Low-rate Loans Made To Community Development Financial Institutions That Are Certified By The United States Department Of The Treasury's Community Development Financial Institutions Fund; To Provide For The Amount Of The Credit; To Define The Terms "financial Institution", "qualified Loan", "qualified Long-term Investment" And "qualified Low-rate Loan" For Purposes Of This Act; And For Related Purposes.
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{# E23 (Nick, ruling section 1 answer 10): quoting a bill or a court opinion works
the way quoting a news article works. Select a passage above and the same panel
opens: the passage goes to the official you choose, with this document's own
address as its source and its own type. #}