HUBZone Qualified Census Tract Act of 2011

Bill: 112-s-1874
Sponsor: Sen. Merkley, Jeff [D-OR]
Introduced: 2011-11-15 in the Senate
Policy area: Commerce
Subjects: Census and government statistics
Congressional oversight
Economic development
Government information and archives
Public contracts and procurement
Small business

Summary:
action_date: 2011-11-15
text: 
HUBZone Qualified Census Tract Act of 2011 - Requires the Secretary of Housing and Urban Development (HUD), within two months after receiving from the Census Bureau decennial census data on census tracts, to identify and publish the list of those tracts that meet the Internal Revenue Code criteria for a &quot;qualified census tract&quot; triggering an increase in the low-income housing income tax credit relating to buildings in high cost areas.
 
Requires HUD to designate a date upon which the list of qualified census tracts shall become effective for: (1) areas that qualify as HUBZones (historically underutilized business zones) under the Small Business Act; and (2) purposes of those increases in the low-income housing tax credit.

action_date: 2011-12-17
text: 

(This measure has not been amended since it was introduced. The summary of that version has been expanded because action occurred on the measure.)

 
HUBZone Qualified Census Tract Act of 2011 - Requires the Secretary of Housing and Urban Development (HUD), within two months after receiving from the Census Bureau decennial census data on census tracts, to identify and publish the list of those tracts that meet the Internal Revenue Code criteria for a &quot;qualified census tract&quot; triggering an increase in the low-income housing income tax credit relating to buildings in high cost areas.
 
Requires HUD to designate dates upon which the list of qualified census tracts shall become effective for: (1) areas that qualify as HUBZones (historically underutilized business zones) under the Small Business Act; and (2) purposes of those increases in the low-income housing tax credit.
 
Declares that nothing in this Act may be construed to affect the HUD method used to designate qualified census tracts in a year in which HUD receives no data from the Census Bureau relating to census tract boundaries.
 
Requires the Administrator of the Small Business Administration (SBA) to report to congressional small business committees: (1) a description of the benefits and drawbacks of using qualified census tract data to designate HUBZones; (2) a description of any problems encountered by the SBA in using such data; and (3) recommendations, if any, for ways to improve the process of designating HUBZones.


Legislative actions:
action_date: 2011-12-19
text: Held at the desk.
action_date: 2011-12-19
text: Received in the House.
action_date: 2011-12-17
text: Message on Senate action sent to the House.
action_date: 2011-12-17
text: Passed Senate without amendment by Unanimous Consent. (text: CR S8781)
action_date: 2011-12-17
text: Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(text: CR S8781)
action_date: 2011-12-17
text: Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. (consideration: CR S8780-8781)
action_date: 2011-12-17
text: Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.(consideration: CR S8780-8781)
action_date: 2011-11-15
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2011-11-15
text: Introduced in Senate