S 1551

Title: Economic Freedom Zones Act of 2017
Author: Sen. Rand Paul (REP-KY)

Summary
...This bill prohibits the federal government from providing: (1) assistance (e.g., loans, loan guarantees, or purchases) to a municipality or zip code, other than the assistance provided for in this bill for an area designated as an Economic Freedom Zone; and (2) financial assistance to a bankrupt or insolvent municipality, except as provided by this bill. </p> <p>The bill sets forth requirements for designating municipalities, counties, cities, and zip codes as zones for a 10-year period, including bankruptcy eligibility, risk of insolvency, pervasive poverty, unemployment, and general distress.</p> <p>The bill amends the Internal Revenue Code to allow reduced tax rates, tax credits, tax-exempt educational savings accounts, increased expensing of business property, and other tax incentives ...

Status
Introduced in Senate 07/13/2017
Read twice and referred to the Committee on Finance. 07/13/2017

Bill Text
07/25/2017 - S 1551 (Introduced+in+Senate)
07/13/2017 - S 1551 (Introduced+in+Senate)

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Author Details


    Sen. Rand Paul (R-KY)
    () - U.S. Senate

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    Contact Tips

    Capital Address:
    167 Russell Senate Office Building

    Washington, DC 20510
    Phone: (202) 224-4343

    District Address:
    1029 State Street

    Bowling Green, KY 42101
    Phone: (270) 782-8303
    Fax:

 
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