I 
111TH CONGRESS 
1ST SESSION 
H. R. 473 
To amend the Internal Revenue Code of 1986 to extend eligibility under 
the new markets tax credit for community development entities created 
or organized in American Samoa, the Commonwealth of the Northern 
Mariana Islands, Guam, Puerto Rico, and the Virgin Islands. 
IN THE HOUSE OF REPRESENTATIVES 
JANUARY 13, 2009 
Ms. BORDALLO (for herself, Mr. FALEOMAVAEGA, Mrs. CHRISTENSEN, Mr. 
PIERLUISI, and Mr. SABLAN) introduced the following bill; which was re-
ferred to the Committee on Ways and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to extend 
eligibility under the new markets tax credit for commu-
nity development entities created or organized in Amer-
ican Samoa, the Commonwealth of the Northern Mariana 
Islands, Guam, Puerto Rico, and the Virgin Islands. 
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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•HR 473 IH
SECTION 1. ELIGIBILITY UNDER NEW MARKETS TAX CRED-
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IT FOR COMMUNITY DEVELOPMENT ENTI-
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TIES CREATED OR ORGANIZED IN AMERICAN 
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SAMOA, 
THE 
COMMONWEALTH 
OF 
THE 
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NORTHERN MARIANA ISLANDS, GUAM, PUER-
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TO RICO, AND THE VIRGIN ISLANDS. 
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(a) IN GENERAL.—Subsection (c) of section 45D of 
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the Internal Revenue Code of 1986 (defining qualified 
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community development entity) is amended by adding at 
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the end the following new paragraph: 
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‘‘(3) SPECIAL RULE RELATING TO CERTAIN JU-
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RISDICTIONS.—A corporation or partnership created 
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or organized in, or under the laws of, American 
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Samoa, the Commonwealth of the Northern Mariana 
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Islands, Guam, Puerto Rico, or the Virgin Islands 
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shall be treated as a domestic corporation or part-
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nership for purposes of paragraph (1).’’. 
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(b) EFFECTIVE DATE.—The amendment made by 
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subsection (a) shall apply to investments made after the 
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date of the enactment of this Act. 
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Æ 
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