To amend the Internal Revenue Code of 1986 to provide a credit for investment in Community Development Financial Institutions.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to provide a credit for investment in Community Development Financial Institutions., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Transportation, Housing.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H4EC7126FBB9A4F90B8FAA362BEDB6806: 1. Short title This Act may be cited as the Community Development Investment Tax Credit Act of 2023.
- Section H2C4831BA967D447F97DD99DDFAFD0336: 2. Community development financial institution investment tax credit Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is...
- Section H7C60EF04DBE7428FB9A6F2DFE7020592: 45BB. Community development financial institution investment tax credit For purposes of section 38, in the case of a taxpayer who holds a qualified CDFI...
- Section H4DC53155144F4742B4F43964C84D12D7: 3. Community development equity funds Section 105 of the Community Development Banking and Financial Institutions Act of 1994 (12 U.S.C. 4704) is amended by...
- Section H027932B7FE354C83AB16BAB1F3C1BAC9: 4. Emerging CDFIs Section 105 of the Community Development Banking and Financial Institutions Act of 1994 (12 U.S.C. 4704), as amended by section 3 of this...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to provide a credit for investment in Community Development Financial Institutions., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Transportation, Housing
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to provide a credit for investment in Community Development Financial Institutions., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Thanedar introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → The Secretary identified in the operative section
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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