Community Economic Development Expertise Enhancement Act of 2005

Bill: 109-hr-2683
Sponsor: Rep. Jones, Stephanie Tubbs [D-OH-11]
Introduced: 2005-05-26 in the House
Policy area: Finance and Financial Sector
Subjects: Affordable housing
Bank loans
Building construction
Church and social problems
Commerce
Community development
Community development banking
Community organization
Congress
Congressional reporting requirements
Depreciation and amortization
Depressed areas
Economics and Public Finance
Electric utilities
Energy
Enterprise zones
Environmental Protection
Evaluation research (Social action programs)
Federal advisory bodies
Gas pipelines
Government Operations and Politics
Grants-in-aid
Hazardous wastes
Housing and Community Development
Income tax
Indian economic development
Indian lands
Infrastructure
Infrastructure (Economics)
Labor and Employment
Mentoring
Minorities
Minority employment
Native Americans
Natural gas
Nonprofit organizations
Religion
Rural economic development
Sewerage
Social Welfare
Tax credits
Tax deductions
Taxation
Transportation and Public Works
Urban affairs
Urban economic development
Urban renewal
Water Resources Development
Water supply
Welfare recipients
Welfare work participation

Summary:
action_date: 2005-05-26
text: Community Economic Development Expertise Enhancement Act of 2005 - Authorizes the Secretary of Housing and Urban Development to make grants to increase the capacity and expertise of qualifying community-based economic development organizations. 
Directs the Secretary to: (1) conduct an assessment of such organizations' capability needs; and (2) establish the Advisory Council on Community Economic Development. 
Directs the President to include with each annual budget request a report regarding Federal financial support for community economic development. 
Amends the Internal Revenue Code to provide a limited housing infrastructure business credit for qualified housing infrastructure property placed in service. Defines such property as property located in an empowerment zone, enterprise community, or renewal community, when substantially all of the use of which is to provide water, sewer, electricity, or natural gas service to residents. 
Doubles, and extends through 2009 (currently 2005), for employment beginning after the enactment of this Act, the: (1) work opportunity credit; (2) welfare-to-work credit; (3) empowerment zone employment credit; and (4) renewal community employment. Increases, through 2009, the Indian employment credit. Increases and extends, through 2009, deductions for expensing the cost of certain depreciable business assets, commercial revitalization, and environmental remediation. Extends, through 2009, the special deduction for property used on Indian reservations.

Legislative actions:
action_date: 2005-06-17
text: Referred to the Subcommittee on Housing and Community Opportunity.
action_date: 2005-05-26
text: Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2005-05-26
text: Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2005-05-26
text: Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2005-05-26
text: Introduced in House
action_date: 2005-05-26
text: Introduced in House