,,ii  #aae? ,,congress  #a/ ,session    
,s4 #gf  ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$
 ,,/ates  ,janu>y #aj1 #bjag ,mrs4      
,capito introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to provide        
additional new m>kets tax cr$its =      
di/ress$ coal communities4  #a4 ,%ort   
title ,?is ,act may be cit$ z ! ,creat+ 
,opportunities = ,rural ,economies ,act 
or ! ,,core ,act4  #b4 ,additional new  
m>kets tax cr$it = di/ress$ coal        
communities  7a7 ,9 g5]al ,section      
#de;,d7f7 ( ! ,int]nal ,rev5ue ,code (  
#aihf is am5d$ by add+ at ! end ! foll[+
 new p>agraph3  7#d7 ,set aside (       
portion ( limitation = di/ress$ coal    
communities  7,a7 ,9 g5]al ,= any cal5d>
 ye> aft] #bjaf1 n less ?an #e p]c5t ( !
 new m>kets tax cr$it limitation %all be
 allocat$ to qualifi$ community         
developm5t entities 9 connection )      
qualifi$ inve/m5ts ! proce$s ( :i* are  
sub/antially us$ to make qualifi$ coal  

community inve/m5ts4  7,b7 ,qualifi$    
coal community inve/m5t ,= purposes (   
?is p>agraph-- 7i7 ,9 g5]al ,! t]m      
qualifi$ coal community inve/m5t means--
  7,i7 any capital or equity inve/m5t 91
 or loan to1 any qualifi$ active        
di/ress$ coal community bus9ess1  7,,ii7
 ! pur*ase f ano!r community developm5t 
entity ( any loan made by su* entity :i*
 is a qualifi$ coal community inve/m5t1 
7,,iii7 f9ancial c\nsel+ & o!r s]vices  
specifi$ 9 regulations prescrib$ by !   
,secret>y to bus9esses locat$ 91 &      
resid5ts (1 di/ress$ coal communities1 &
  7,,iv7 any equity inve/m5t 91 or loan 
to1 any qualifi$ community developm5t   
entity 9 connection qualifi$ inve/m5ts !
 proce$s ( :i* are sub/antially us$ to  
make qualifi$ coal community inve/m5ts4 
7ii7 ,qualifi$ active di/ress$ coal     
community bus9ess ,! t]m qualifi$ active
 coal community bus9ess means any       
bus9ess :i* w\ld be a qualifi$ active   
l[-income community bus9ess if p>agraphs
 7#b7 & 7#c7 ( subsection 7d7 7 appli$  

by sub/itut+ di/ress$ coal community =  
l[-income community ea* place x appe>s4 
7iii7 ,di/ress$ coal community  7,i7 ,9 
g5]al ,! t]m di/ress$ coal community    
means any l[-income community :i* is    
locat$ 9 a c\nty :i*-- 7aa7 0 "o ( ! #cj
 c\nties ) ! bigge/ employm5t decrease  
among coal op]ators 7z det]m9$ "u       
reports issu$ by ! ,m9e ,safety & ,heal?
 ,adm9i/ration7 = an applicable p]iod1  
or  7bb7 is contigu\s to a c\nty :i*--  
7,,aa7 is describ$ 9 item 7aa7 & is )9 !
 same ,/ate z su* c\nty1 & 7,,bb7       
conta9s n less ?an #a l[-income         
community4  7,,ii7 ,applicable p]iods ,=
 purposes ( subclause 7,i77aa71 ! t]m   
applicable p]iod means any ( ! foll[+   
p]iods3  7aa7 ,cal5d> ye> #bjac comp>$  
to cal5d> ye> #bjab4  7bb7 ,cal5d> ye>  
#bjad comp>$ to cal5d> ye> #bjac4  7cc7 
,cal5d> ye> #bjae comp>$ to cal5d> ye>  
#bjad4  7,c7 ,limitation ( allocation ( 
set aside  7i7 ,9 g5]al ,9 allocat+ !   
portion ( ! new m>kets tax cr$it        
limitation to :i* subp>agraph 7,a7      

applies1 ! ,secret>y %all ensure t1 )   
respect to any eligible ,/ate1 n less   
?an ! m9imum p]c5tage ( su* limitation  
is allocat$ to qualifi$ community       
developm5t entities mak+ qualifi$ coal  
community inve/m5ts 9 su* eligible      
,/ate4  7ii7 ,m9imum p]c5tage ,=        
purposes ( clause 7i71 ! m9imum p]c5tage
 = any eligible ,/ate is ! p]c5tage     
equal to #hj p]c5t ( ! ratio (--  7,i7 !
 qualifi$ coal op]ator employm5t        
decrease 9 su* ,/ate1 to  7,,ii7 ! total
 qualifi$ coal op]ator employm5t        
decrease 9 all eligible ,/ates4  7iii7  
,qualifi$ coal op]ator employm5t        
decrease ,= purposes ( clause 7ii71 !   
t]m qualifi$ coal op]ator employm5t     
decrease means1 ) respect to any        
eligible ,/ate1 ! aggregate am\nt (     
employm5t decrease among coal op]ators =
 all c\nties 9 su* ,/ate--  7,i7 9 :i*  
!re is a l[-income community1 &  7,,ii7 
:i* are tak5 into acc\nt "u item 7aa7 ( 
subp>agraph 7,b77iii77,i74  7iv7        
,eligible ,/ate ,= purposes ( ?is       

subp>agraph1 ! t]m eligible ,/ate means 
any ,/ate 9 :i* !re is a di/ress$ coal  
community4  7,d7 ,application ( c>ryov] 
,p>agraph 7#c7 %all be appli$ sep>ately 
) respect to am\nts describ$ 9          
subp>agraph 7,a74  4  7b7 ,application (
 recapture rules ,section               
#de;,d7g77#c77;,b7 ( ! ,int]nal ,rev5ue 
,code ( #aihf is am5d$ by ins]t+ 7or1 9 
! case ( an inve/m5t describ$ 9         
subsection 7f77#d71 z requir$ "u su*    
subsection7 aft] 7b77#a77;,b74