In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
One example is below.
Q: SECTION 1. LIABILITY OF BUSINESS ENTITIES PROVIDING USE OF FACILITIES
TO NONPROFIT ORGANIZATIONS.

(a) Definitions.--In this section:
(1) Business entity.--The term ''business entity'' means a
firm, corporation, association, partnership, consortium, joint
venture, or other form of enterprise.
(2) Facility.--The term ''facility'' means any real
property, including any building, improvement, or appurtenance.
(3) Gross negligence.--The term ''gross negligence'' means
voluntary and conscious conduct by a person with knowledge (at
the time of the conduct) that the conduct is likely to be
harmful to the health or well-being of another person.
(4) Intentional misconduct.--The term ''intentional
misconduct'' means conduct by a person with knowledge (at the
time of the conduct) that the conduct is harmful to the health
or well-being of another person.
(5) Nonprofit organization.--The term ''nonprofit
organization'' means--
(A) any organization described in section 501(c)(3)
of the Internal Revenue Code of 1986 and exempt from
tax under section 501(a) of such Code; or
(B) any not-for-profit organization organized and
conducted for public benefit and operated primarily for
charitable, civic, educational, religious, welfare, or
health purposes.
(6) State.--The term ''State'' means each of the several
States, the District of Columbia, the Commonwealth of Puerto
Rico, the Virgin Islands, Guam, American Samoa, the Northern
Mariana Islands, any other territory or possession of the
United States, or any political subdivision of any such State,
territory, or possession.
(b) Limitation on Liability.--
(1) In general.--Subject to subsection (c), a business
entity shall not be subject to civil liability relating to any
injury or death occurring at a facility of the business entity
in connection with a use of such facility by a nonprofit
organization if--
(A) the use occurs outside of the scope of business
of the business entity;
(B) such injury or death occurs during a period
that such facility is used by the nonprofit
organization; and
(C) the business entity authorized the use of such
facility by the nonprofit organization.
(2) Application.--This subsection shall apply--
(A) with respect to civil liability under Federal
and State law; and
(B) regardless of whether a nonprofit organization
pays for the use of a facility.
(c) Exception for Liability.--Subsection (b) shall not apply to an
injury or death that results from an act or omission of a business
entity that constitutes gross negligence or intentional misconduct,
including any misconduct that--
(1) constitutes a crime of violence (as that term is
defined in section 16 of title 18, United States Code) or act
of international terrorism (as that term is defined in section
2331 of title 18) for which the defendant has been convicted in
any court;
(2) constitutes a hate crime (as that term is used in the
Hate Crime Statistics Act (28 U.S.C. 534 note));
(3) involves a sexual offense, as defined by applicable
State law, for which the defendant has been convicted in any
court; or
(4) involves misconduct for which the defendant has been
found to have violated a Federal or State civil rights law.
(d) Superseding Provision.--
(1) In general.--Subject to paragraph (2) and subsection
(e), this Act preempts the laws of any State to the extent that
such laws are inconsistent with this Act, except that this Act
shall not preempt any State law that provides additional
protection from liability for a business entity for an injury
or death with respect to which conditions under subparagraphs
(A) through (C) of subsection (b)(1) apply.
(2) Limitation.--Nothing in this Act shall be construed to
supersede any Federal or State health or safety law.
(e) Election of State Regarding Nonapplicability.--This Act shall
not apply to any civil action in a State court against a business
entity in which all parties are citizens of the State if such State
enacts a statute--
(1) citing the authority of this subsection;
(2) declaring the election of such State that this Act
shall not apply to such civil action in the State; and
(3) containing no other provision.
A: Shields a business entity from civil liability relating to any injury or death occurring at a facility of that entity in connection with a use of such facility by a nonprofit organization if: (1) the use occurs outside the scope of business of the business entity; (2) such injury or death occurs during a period that such facility is used by such organization; and (3) the business entity authorized the use of such facility by the organization.
Makes this Act inapplicable to an injury or death that results from an act or omission of a business entity that constitutes gross negligence or intentional misconduct, including misconduct that: (1) constitutes a hate crime or a crime of violence or act of international terrorism for which the defendant has been convicted in any court; or (2) involves a sexual offense for which the defendant has been convicted in any court or misconduct for which the defendant has been found to have violated a Federal or State civil rights law.
Preempts State laws to the extent that such laws are inconsistent with this Act, except State law that provides additional protection from liability. Specifies that this Act shall not be construed to supersede any Federal or State health or safety law.
Makes this Act inapplicable to any civil action in a State court against a business entity in which all parties are citizens of the State if such State, citing this Act's authority and containing no other provision, enacts a statute declaring the State's election that this Act shall not apply to such action in the State.
Rationale: This Bill focuses on shielding business entities from civil liability relating to an injury or death depending on the conditions of injury, hence the generated summary is correct.
Q: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Economic Revitalization Act of
1996''.

SEC. 2. DISTRESSED COMMUNITY ECONOMIC DEVELOPMENT BONDS.

(a) In General.--Paragraph (1) of section 141(e) of the Internal
Revenue Code of 1986 (defining qualified bond) is amended by striking
''or'' at the end of subparagraph (F), by striking the period at the
end of subparagraph (G) and inserting '', or'', and by adding at the
end thereof the following new subparagraph:
''(H) a distressed community economic development
bond.''
(b) Distressed Community Economic Development Bond Defined.--
(1) In general.--Section 144 of such Code is amended by
adding at the end thereof the following new subsection:
''(d) Distressed Community Economic Development Bond.--For purposes
of this subpart--
''(1) In general.--The term 'distressed community economic
development bond' means any bond issued as part of an issue 95
percent or more of the net proceeds of which are to be used for
distressed community economic development purposes.
''(2) Distressed community economic development purposes.--
For purposes of this subsection, the net proceeds of any issue
shall be treated as used for distressed community economic
development purposes to the extent such proceeds are used--
''(A) to provide qualified economic development
facilities or land which is functionally related and
subordinate to such facilities, or
''(B) to provide working capital required in
connection with the establishment of a qualified
business in a distressed community or the expansion of
such a business in such a community.
''(3) Qualified economic development facilities.--For
purposes of this subsection, the term 'qualified economic
development facilities' means any property to which section 168
applies (or would apply but for section 179) if--
''(A) such property was acquired by purchase (as
defined in section 179(d)(2)) after the date on which
the designation of the distressed community took
effect,
''(B) the original use of which in the distressed
community commences with the person to whom the
financing is provided under the issue, and
''(C) substantially all the use of which is in a
distressed community and in the active conduct of a
qualified business.
For purposes of the preceding sentence, rules similar to the
rules of subsections (a)(2) and (b) of section 1397C shall
apply.
''(4) Qualified business.--For purposes of this
subsection--
''(A) In general.--Except as otherwise provided in
this paragraph, the term 'qualified business' means any
trade or business.
''(B) Rental of real property.--The rental of any
building or structure located in a distressed community
shall be treated as a qualified business if and only
if--
''(i) the property is not residential
rental property (as defined in section
168(e)(2), and
''(ii) at least 50 percent of the gross
rental income from the building or structure is
from other qualified businesses in such
community.
''(C) Rental of tangible personal property.--The
rental of tangible personal property shall be treated
as a qualified business if and only if substantially
all of the rental of such property is by qualified
businesses in the distressed community or by individual
residents of the distressed community.
''(D) Treatment of business holding intangibles.--
The term 'qualified business' shall not include any
trade or business consisting predominantly of the
development or holding of intangibles for sale or
license.
''(E) Certain businesses excluded.--The term
'qualified business' shall not include any trade or
business consisting of--
''(i) the operation of any facility
described in subsection (c)(6)(B), or
''(ii) operating a trade or business the
principal activity of which is farming (within
the meaning of subparagraph (A) or (B) of
section 2032A(e)(5)), but only if, as of the
close of the preceding taxable year, the sum of
the following exceeds $500,000--
''(I) the aggregate unadjusted
bases (or, if greater, the fair market
value) of the assets owned by the
taxpayer and used in such trade or
business, and
''(II) the aggregate value of the
assets leased by the taxpayer and used
in such trade or business.
For purposes of subclause (II), rules similar
to the rules of section 1397(b) shall apply.
''(5) Distressed community.--For purposes of this
subsection, the term 'distressed community' means, with respect
to periods in any calendar year, any area--
''(A) which is the area over which a general
purpose local governmental unit has jurisdiction and
which is designated for purposes of this subsection by
the governing body of such unit, and
''(B) which (as of the beginning of such year)
meets the requirements of clause (i), (ii), or (iii) of
this subparagraph:
''(i) Chronic economic distress.--An area
meets the requirements of this clause if--
''(I) the area has experienced
population loss (as determined by the
1990 or subsequent census data) of not
less than 5 percent, or
''(II) the area has experienced an
average unemployment rate over the last
5 years (as determined by the Bureau of
Labor Statistics) of not less than 8
percent.
''(ii) Slow job growth.--An area meets the
requirements of this clause if, over the last 5
years--
''(I) the area has experienced job
growth in the retail and manufacturing
sectors of less than 3 percent, or
''(II) if data are available only
for the manufacturing sector, the
community has experienced no job growth
in such sector, or if data are
available only for the retail sector,
the area has experienced job growth in
such sector of less than 8.5 percent.
''(iii) Major base closing.--An area meets
the requirements of this clause if--
''(I) there has been a military
base closing within its boundaries or
adjacent thereto within the last 2
years which has resulted, or will
result, in the loss of not less than
500 jobs, or
''(II) there has been an official
notification of a military base closing
within its boundaries or adjacent
thereto within the next 6 months, which
will result in the loss of not less
than 500 jobs.
''(6) Prohibition of assistance for business relocations.--
''(A) In general.--This subsection shall not apply
to any bonds issued as part of an issue if any of the
proceeds of such an issue are used to assist any
establishment in relocating from an area outside the
distressed community to the distressed community.
''(B) Exception.--The limitation established in
subparagraph (A) shall not be construed to prohibit
assistance for the expansion of an existing business
entity through the establishment of a new branch
affiliate, or subsidiary if--
''(i) the establishment of the new branch,
affiliate, or subsidiary will not result in a
decrease in employment in the area of original
location or in any other area where the
existing business entity conducts business
operations, and
''(ii) there is no reason to believe that
the new branch, affiliate, or subsidiary is
being established with the intention of closing
down the operations of the existing business
entity in the area of its original location or
in any other area where the existing business
entity conducts business operations.''
(2) Clerical amendments.--
(A) The section heading for section 144 is amended
by striking ''qualified redevelopment bond.'' and
inserting ''etc.''.
(B) The table of sections for subpart A of part IV
of subchapter B of chapter 1 is amended by striking
''qualified redevelopment bond.'' in the item relating
to section 144 and inserting ''etc.''.
(c) Certain Rules Not To Apply.--
(1) Subsection (h) of section 147 of such Code (relating to
certain rules which do not apply) is amended by adding at the
end thereof the following new paragraph:
''(3) Bonds for distressed community economic development
facilities.--Subsection (c)(1)(A) shall be applied by
substituting '50 percent' for '25 percent' and subsection (d)
shall not apply to any bond issued as part of an issue
described in section 144(d)(1).''
(2) The subsection heading for subsection (h) of section
147 of such Code is amended to read as follows:
''(h) Special Rules for Certain Bonds.--''.
(d) Volume Cap Only Charged With 50 Percent of Distressed Community
Economic Development Bonds.--Subsection (g) of section 146 of such Code
(relating to an exception for certain bonds from volume cap) is amended
by striking ''and'' at the end of paragraph (3), by striking the period
at the end of paragraph (4) and inserting '', and'', and by inserting
after paragraph (4) the following new paragraph:
''(5) 50 percent of any bond issued as part of an issue
described in section 144(d)(1) (relating to distressed
community economic development facilities).''
(e) Penalties for Loans Made to Businesses That Cease To Be
Distressed Community Economic Development Businesses, Etc.--Subsection
(b) of section 150 of such Code (relating to change in use) is amended
by adding at the end thereof the following new paragraph:
''(7) Distressed community economic development bonds.--In
the case of any qualified economic development facility with
respect to which financing was provided by an issue described
in section 144(d)(1):
''(A) No deduction allowed.--No deduction shall be
allowed under this chapter for interest on such
financing which accrues during the period beginning on
the first day of the calendar year which includes the
date on which--
''(i) the trade or business to which the
financing was provided ceases to be a qualified
business, or
''(ii) substantially all of the use of such
facility with respect to which the financing
was provided ceases to be in a distressed
community.
For purposes of this subparagraph, the term
'distressed community' means any area which qualifies
as a distressed community under section 144(d)(5) as of
the time the financing was provided without regard to
any subsequent revocation or termination.
''(B) Penalty imposed on distressed community
economic development business.--If at any time while
such financing is outstanding--
''(i) such facility ceases to be in use in
a qualified business, or
''(ii) substantially all of the use of such
facility ceases to be in a distressed community
(as so defined),
there is hereby imposed on such business to which such
financing was provided a penalty equal to 1.25 percent
of the portion of such financing which is outstanding
immediately before such cessation. Such penalty shall
be assessed and collected by the Secretary.
''(C) Exception for bankruptcy.--Subparagraphs (A)
and (B) shall not apply to any cessation resulting from
bankruptcy.''
(f) Bank Interest Deduction.--
(1) In general.--Clause (ii) of section 265(b)(3)(B) of
such Code (relating to exception for certain tax-exempt
obligations) is amended--
(A) by striking ''or'' at the end of subclause (I),
(B) by redesignating subclause (II) as subclause
(III), and
(C) by inserting after subclause (I) the following
new subclause:
''(II) any bond issued as part of
an issue described in section
144(d)(1), or''.
(2) Conforming agreement.--Subclause (I) of section
265(b)(3)(B)(i) of such Code (defining qualified tax-exempt
obligation) is amended by inserting ''or is an obligation
issued as part of an issue described in section 144(d)(1)''
after ''issuer''.
(g) Effective Date.--The amendments made by this section shall
apply to bonds issued after the date of the enactment of this Act.
A:
Economic Revitalization Act of 1996 - Amends the Internal Revenue Code to provide a tax-exemption for distressed community economic development bonds. Excepts 50 percent of such bonds from the volume cap. Allows a deduction for such bonds as qualified tax-exempt obligations.