To amend the Internal Revenue Code of 1986 to encourage a strong community-based banking system.
Community Savings and Investment Act of 1999 - Amends the Internal Revenue Code to: (1) establish a separate tax rate for a qualified community lender; and (2) permit the exclusion from gross income of distressed community banking income.
Read twice and referred to the Committee on Finance.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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