,,ii  #aacth ,,congress  #b;d ,session  
,s4 #ahif  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,january #g1   
#bjad,mr4 ,brown introduced the         
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to amend the ,internal      
,revenue ,code of #aihf to extend the   
new markets tax credit and provide      
designated allocations for areas        
impacted by a decline in manufacturing4 
#a4 ,short title ,this ,act may be cited
 as the ,manufacturing ,communities     
,investment ,act4  #b4 ,extension of new
 markets tax credit with designated     
allocations for areas impacted by       
decline in manufacturing  7a7 ,extension
 of credit ,section #de;,d7f77#a7 of the
 ,internal ,revenue ,code of #aihf is   
amended by striking the period at the   
end of subparagraph 7,g7 and inserting 1
 and and by adding at the end the       
following new subparagraph3  7,h7       
#e1jjj1jjj1jjj for #bjad1 #bjae1 and    
#bjaf4  4  7b7 ,allocations designated  

for areas impacted by decline in        
manufacturing ,section #de;,d7f7 of such
 ,code is amended by adding at the end  
the following new paragraph3  7#d7      
,allocations for areas impacted by      
decline in manufacturing ,the new       
markets tax credit limitation otherwise 
determined under paragraph 7#a7 for     
calendar years #bjad1 #bjae1 and #bjaf  
shall each be increased by              
#a1jjj1jjj1jjj4 ,a qualified community  
development entity shall be eligible for
 an allocation under paragraph 7#b7 of  
the increase described in the preceding 
sentence only if a significant mission  
of such entity is providing investments 
and services to persons in the trade or 
business of manufacturing products in   
communities which have suffered major   
manufacturing job losses or a major     
manufacturing job loss event1 as        
designated by the ,secretary4 ,paragraph
 7#c7 shall be applied separately with  
respect to the increase provided under  
this paragraph4  4  7c7 ,effective date 

,the amendments made by this section    
shall apply to calendar years beginning 
after ,december #ca1 #bjac4