I 
114TH CONGRESS 
2D SESSION 
H. R. 6403 
To amend the Internal Revenue Code of 1986 to provide additional new 
markets tax credits for distressed coal communities. 
IN THE HOUSE OF REPRESENTATIVES 
NOVEMBER 30, 2016 
Mr. JENKINS of West Virginia introduced the following bill; which was 
referred to the Committee on Ways and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to provide 
additional new markets tax credits for distressed coal 
communities. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Creating Opportunities 
for Rural Economies Act’’ or the ‘‘CORE Act’’. 
SEC. 2. ADDITIONAL NEW MARKETS TAX CREDIT FOR DIS-
TRESSED COAL COMMUNITIES. 
(a) IN GENERAL.—Section 45D(f) of the Internal 
Revenue Code of 1986 is amended by adding at the end 
the following new paragraph: 
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‘‘(4) SET ASIDE OF PORTION OF LIMITATION 
FOR DISTRESSED COAL COMMUNITIES.— 
‘‘(A) IN GENERAL.—For any calendar year 
after 2016, not less than 5 percent of the new 
markets tax credit limitation shall be allocated 
to qualified community development entities in 
connection with qualified investments the pro-
ceeds of which are substantially used to make 
qualified coal community investments. 
‘‘(B) QUALIFIED
COAL
COMMUNITY
IN-
VESTMENT.—For purposes of this paragraph— 
‘‘(i) IN GENERAL.—The term ‘quali-
fied coal community investment’ means— 
‘‘(I) any capital or equity invest-
ment in, or loan to, any qualified ac-
tive distressed coal community busi-
ness, 
‘‘(II) the purchase from another 
community development entity of any 
loan made by such entity which is a 
qualified coal community investment, 
‘‘(III) financial counseling and 
other services specified in regulations 
prescribed by the Secretary to busi-
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nesses located in, and residents of, 
distressed coal communities, and 
‘‘(IV) any equity investment in, 
or loan to, any qualified community 
development 
entity 
in 
connection 
qualified investments the proceeds of 
which are substantially used to make 
qualified coal community investments. 
‘‘(ii) QUALIFIED ACTIVE DISTRESSED 
COAL
COMMUNITY
BUSINESS.—The term 
‘qualified active coal community business’ 
means any business which would be a 
qualified active low-income community 
business if paragraphs (2) and (3) of sub-
section (d) were applied by substituting 
‘distressed coal community’ for ‘low-income 
community’ each place it appears. 
‘‘(iii) 
DISTRESSED
COAL
COMMU-
NITY.— 
‘‘(I) IN
GENERAL.—The term 
‘distressed coal community’ means 
any low-income community which is 
located in a county which— 
‘‘(aa) was one of the 30 
counties with the biggest employ-
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ment decrease among coal opera-
tors (as determined under reports 
issued by the Mine Safety and 
Health Administration) for an 
applicable period, or 
‘‘(bb) is contiguous to a 
county which— 
‘‘(AA) is described in 
item (aa) and is within the 
same State as such county, 
and 
‘‘(BB) contains not less 
than 1 low-income commu-
nity. 
‘‘(II) APPLICABLE
PERIODS.— 
For purposes of subclause (I)(aa), the 
term ‘applicable period’ means any of 
the following periods: 
‘‘(aa) Calendar year 2013 
compared to calendar year 2012. 
‘‘(bb) Calendar year 2014 
compared to calendar year 2013. 
‘‘(cc) Calendar year 2015 
compared to calendar year 2014. 
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