ulations that may have a material effect upon the fi-
nancial statements. 
(c) AVAILABILITY TO THE PUBLIC.—The Secretary 
may not award a grant under section 5 for a fiscal year 
unless the unit of local government shall make copies of 
the reports and audits described in this section available 
for public inspection. 
(d) EVALUATIONS BY COMPTROLLER GENERAL.— 
The Comptroller General of the United States shall, from 
time to time, evaluate the expenditures by units of local 
government of grants awarded under section 5 in order 
to ensure that expenditures are consistent with the provi-
sions of this section. 
SEC. 7. INTERACTION WITH COMMUNITY DEVELOPMENT 
BLOCK GRANT PROGRAMS. 
(a) BUSINESS LOCATED WITHIN SCORE PROJECT 
AREAS.—A business located within an area designated as 
a SCORE project area under section 3 that is receiving 
Federal funds provided to States and units of general local 
government under section 106 of the Housing and Com-
munity Development Act of 1974 (42 U.S.C. 5306), or, 
if applicable, receiving funds as a result of a guarantee 
or grant under section 108 of that same Act, shall be 
deemed to have met for any job creation or job retention 
effort undertaken with such funds—
(1) the certification requirement of section 
104(b)(3) of such Act; and 
(2) the requirements of section 105(c) of such 
Act. 
(b) HOUSING UNITS IN SCORE PROJECT AREAS.— 
All units of housing that are located within an area des-
ignated as a SCORE project area under section 3 and that 
are receiving Federal funds provided to States and units 
of general local government under section 106 of the 
Housing and Community Development Act of 1974 (42 
U.S.C. 5306), or, if applicable, receiving funds as a result 
of a guarantee or grant under section 108 of that same 
Act, shall be considered a single structure with respect to 
the requirements of section 105(c) of such Act. 
(c) ECONOMIC DEVELOPMENT PROJECTS IN SCORE 
PROJECT AREAS.—Any economic development project lo-
cated within an area designated as a SCORE project area 
under section 3 that is receiving Federal funds provided 
to States and units of general local government under sec-
tion 106 of the Housing and Community Development Act 
of 1974 (42 U.S.C. 5306), or, if applicable, receiving 
funds as a result of a guarantee or grant under section 
108 of that same Act, shall be exempt from the public 
benefit standards established under section 105(e) of such 
Act.
SEC. 8. TAX BENEFITS FOR SCORE PROJECT AREAS. 
(a) IN GENERAL.—Chapter 1 of the Internal Rev-
enue Code of 1986 is amended by adding at the end the 
following new subchapter: 
‘‘Subchapter Z—SCORE Project Areas 
Benefits 
‘‘Sec. 1400M. Tax benefits for SCORE project areas. 
‘‘SEC. 1400M. TAX BENEFITS FOR SCORE PROJECT AREAS. 
‘‘(a) EXPANSION
OF
WORK
OPPORTUNITY
TAX 
CREDIT.— 
‘‘(1) IN GENERAL.—For purposes of section 51, 
a SCORE project area business employee shall be 
treated as a member of a targeted group. 
‘‘(2) SCORE
PROJECT
AREA
BUSINESS
EM-
PLOYEE.—For purposes of this subsection— 
‘‘(A) IN
GENERAL.—The term ‘SCORE 
project area business employee’ means, with re-
spect to any period, any employee of a SCORE 
project area business if substantially all the 
services performed during such period by such 
employee for such business are performed in the 
SCORE project area in which the business is 
located. 
‘‘(B) SCORE PROJECT AREA BUSINESS.— 
The term ‘SCORE project area business’ means
any trade or business which is located in a 
SCORE project business area. 
‘‘(C) SPECIAL RULES FOR DETERMINING 
AMOUNT OF CREDIT.—For purposes of applying 
subpart F of part IV of subchapter B of this 
chapter to wages paid or incurred to any 
SCORE project area business employee— 
‘‘(i) section 51(a) shall be applied by 
substituting ‘the sum of 15 percent of the 
qualified first-year wages, 10 percent of 
the qualified second-year wages, and 5 per-
cent of the qualified third-year wages’ for 
‘40 percent of the qualified first-year 
wages’, 
‘‘(ii) in lieu of paragraphs (2) and (3) 
of subsection (b), the following definitions 
and special rule shall apply: 
‘‘(I) 
QUALIFIED
FIRST-YEAR 
WAGES.—The term ‘qualified first- 
year wages’ means, with respect to 
any individual, qualified wages attrib-
utable to service rendered during the 
1-year period beginning with the later 
of the day the individual begins work 
for the employer or the first day of
the designation of the SCORE project 
area in which the employer is located. 
‘‘(II) QUALIFIED
SECOND-YEAR 
WAGES.—The term ‘qualified second- 
year wages’ means, with respect to 
any individual, qualified wages attrib-
utable to service rendered during the 
1-year period beginning on the day 
after the last day of the 1-year period 
with respect to such individual deter-
mined under subclause (I). 
‘‘(III) QUALIFIED
THIRD-YEAR 
WAGES.—The term ‘qualified third- 
year wages’ means, with respect to 
any individual, qualified wages attrib-
utable to service rendered during the 
1-year period beginning on the day 
after the last day of the 1-year period 
with respect to such individual deter-
mined under subclause (II). 
‘‘(IV) ONLY
FIRST
$15,000
OF 
WAGES
PER
YEAR
TAKEN
INTO
AC-
COUNT.—The amount of the qualified 
first, second, and third year wages 
which may be taken into account with