To amend the Internal Revenue Code of 1986 to revise the new market tax credit rules for population census tracts with low populations.

Cost and committee reports

Official records Congress.gov attaches to H.R. 5718.

• Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. TOWNS, as printed in the Congressional Record (Page H2646):
  This bill is enacted under the constitutional authority of Article I, Section 8, Clause 1.
  Source: Congress.gov, record updated February 7, 2024 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  90 characters

  Congress.gov bill record

  H.R. 5718, 112th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/112/hr/5718

  Record last updated by Congress.gov

  February 7, 2024

  PORKER copy retrieved

  September 25, 2026

  Stored copy, SHA-256 of the file

  0f45f53cafee57ec9167c87f0fe2a1932b7cfeeeccffd7b279a822a71d3e5e04

  PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.

Congress.gov’s record for this bill does not list a CBO cost estimate or a committee report (as of February 7, 2024). Not every bill gets one.

From the Congress.gov bill record for H.R. 5718, last updated February 7, 2024. PORKER’s copy was retrieved September 25, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.