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I
118TH CONGRESS
1ST SESSION H. R. 3124
To amend the Internal Revenue Code of 1986 to remove private or commercial
golf courses and country clubs from the list of uses for which certain
proceeds cannot be used.
IN THE HOUSE OF REPRESENTATIVES
MAY 5, 2023
Ms. TENNEY (for herself and Mr. PANETTA) introduced the following bill;
which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to remove
private or commercial golf courses and country clubs
from the list of uses for which certain proceeds cannot
be used.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. REPEAL OF RESTRICTIONS ON USE OF CER-
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TAIN PROCEEDS FOR PRIVATE OR COMMER-
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CIAL GOLF COURSES AND COUNTRY CLUBS.
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(a) IN GENERAL.—Section 144 of the Internal Rev-
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enue Code of 1986 is amended by striking ‘‘private or
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commercial golf course, country club,’’ each place it ap-
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pears.
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(b) EFFECTIVE DATES.—
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(1) IN
GENERAL.—The amendment made by
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this section shall apply to obligations issued after
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the date of the enactment of this Act.
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(2) SPECIAL RULE FOR EMPOWERMENT ZONE
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EMPLOYMENT
CREDIT.—For purposes of section
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1396(d)(2) of the Internal Revenue Code of 1986,
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the amendment made by subsection (a) shall apply
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to individuals who begin work for the employer after
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the date of the enactment of this Act.
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(3) SPECIAL RULE FOR EMPOWERMENT ZONE
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BUSINESS AND OPPORTUNITY ZONES.—For purposes
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of sections 1397C(d)(5) and 1400Z–2(d)(3)(A) of
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the Internal Revenue Code of 1986, the amendment
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made by subsection (a) shall apply to taxable years
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beginning after the date of the enactment of this
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Act.
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