I 
112TH CONGRESS 
1ST SESSION H. R. 1428 
To amend the Internal Revenue Code of 1986 to extend the Renewal 
Community program through end of 2012. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 7, 2011 
Mr. HIGGINS (for himself, Ms. TSONGAS, Mr. LEWIS of Georgia, Mr. FILNER, 
Mr. TONKO, Mr. COHEN, and Ms. MOORE) 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 extend 
the Renewal Community program through end of 2012. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. RENEWAL COMMUNITY TAX INCENTIVES. 
(a) IN GENERAL.—Subsection (b) of section 1400E 
of the Internal Revenue Code of 1986 is amended— 
(1) by striking ‘‘December 31, 2009’’ in para-
graphs (1)(A) and (3) and inserting ‘‘December 31, 
2012’’; and 
(2) by striking ‘‘January 1, 2010’’ in paragraph 
(3) and inserting ‘‘January 1, 2013’’. 
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(b) ZERO-PERCENT CAPITAL GAINS RATE.— 
(1) ACQUISITION DATE.—Paragraphs (2)(A)(i), 
(3)(A), (4)(A)(i), and (4)(B)(i) of section 1400F(b) 
of such Code are each amended by striking ‘‘Janu-
ary 1, 2010’’ and inserting ‘‘January 1, 2013’’. 
(2) LIMITATION ON PERIOD OF GAINS.—Para-
graph (2) of section 1400F(c) of such Code is 
amended— 
(A) by striking ‘‘December 31, 2014’’ and 
inserting ‘‘December 31, 2017’’; and 
(B) by striking ‘‘2014’’ in the heading and 
inserting ‘‘2017’’. 
(3) APPLICABLE RULES.—Subsection (d) of sec-
tion 1400F is amended— 
(A) by striking ‘‘December 31, 2014’’ the 
first place it appears and inserting ‘‘December 
31, 2017’’, and 
(B) by striking ‘‘December 31, 2014’’ the 
second place it appears and inserting ‘‘Decem-
ber 31, 2016’’. 
(c) COMMERCIAL REVITALIZATION DEDUCTION.— 
(1) EXTENSION.— 
(A) IN GENERAL.—Subsection (g) of sec-
tion 1400I of such Code is amended by striking 
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‘‘December 31, 2009’’ and inserting ‘‘December 
31, 2012’’. 
(B) CONFORMING AMENDMENT.—Subpara-
graph (A) of section 1400I(d)(2) of such Code 
is amended by striking ‘‘after 2001 and before 
2010’’ and inserting ‘‘which begins after 2001 
and before the date referred to in subsection 
(g)’’. 
(2) CARRYFORWARD OF UNALLOCATED STATE 
COMMERCIAL REVITALIZATION EXPENDITURE CEIL-
ING.— 
(A) IN GENERAL.—Paragraph (1) of sec-
tion 1400I(d) of such Code is amended to read 
as follows: 
‘‘(1) IN GENERAL.—The aggregate commercial 
revitalization expenditure amount which a commer-
cial revitalization agency may allocate for any cal-
endar year is the amount equal to the sum of— 
‘‘(A) the amount of the State commercial 
revitalization expenditure ceiling determined 
under this paragraph for such calendar year for 
such agency (determined without regard to sub-
paragraph (B)), and 
‘‘(B) the aggregate of the unused State 
commercial revitalization expenditure ceilings 
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determined under this paragraph for such agen-
cy for each of the 2 preceding calendar years. 
For purposes of subparagraph (B), amounts of ex-
penditure ceiling shall be treated as allocated by an 
agency first from unused amounts for the second 
preceding calendar year, then from unused amounts 
for the 1st preceding calendar year, and then from 
amounts from the current year State allocation.’’. 
(B) EFFECTIVE
DATE.—The amendment 
made by this subsection shall apply to calendar 
years beginning after the date of the enactment 
of this Act. 
(d) INCREASED EXPENSING UNDER SECTION 179.— 
Subparagraph (A) of section 1400J(b)(1) of such Code is 
amended by striking ‘‘January 1, 2010’’ and inserting 
‘‘January 1, 2013’’. 
(e) TREATMENT OF CERTAIN TERMINATION DATES 
SPECIFIED IN NOMINATIONS.—In the case of a designa-
tion of a renewal community the nomination for which in-
cluded a termination date which is contemporaneous with 
the date specified in subparagraph (A) of section 
1400E(b)(1) of the Internal Revenue Code of 1986 (as 
in effect before the enactment of this Act), subparagraph 
(B) of such section shall not apply with respect to such 
designation unless, after the date of the enactment of this 
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section, the entity which made such nomination reconfirms 
such termination date, or amends the nomination to pro-
vide for a new termination date, in such manner as the 
Secretary of the Treasury (or the Secretary’s designee) 
may provide. 
(f) EFFECTIVE DATES.— 
(1) IN
GENERAL.—Except as otherwise pro-
vided in this subsection, the amendments made by 
this section shall apply to periods after December 
31, 2009. 
(2) ACQUISITIONS.—The amendments made by 
subsections (b)(1) and (d) shall apply to acquisitions 
after December 31, 2009. 
(3) 
COMMERCIAL
REVITALIZATION
DEDUC-
TION.— 
(A) IN GENERAL.—The amendment made 
by subsection (c)(1) shall apply to buildings 
placed in service after December 31, 2009. 
(B) 
CONFORMING
AMENDMENT.—The 
amendment made by subsection (c)(2) shall 
apply to calendar years beginning after Decem-
ber 31, 2009. 
Æ 
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