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Rep. Richard Baker
Republican
Louisiana
http://baker.house.gov

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Amends the Harmonized Tariff Schedule of the United States to suspend temporarily the duty on Nickel Carbonate (NiCO3).
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Amends the Harmonized Tariff Schedule of the United States to suspend temporarily the duty on Cobalt Carbonate (CoCO3).
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Directs the Secretary of Veterans Affairs to conduct a five-year pilot project to test the feasibility and advisability of the use of educational assistance under certain programs of the Department of Veterans Affairs (VA) to pay for training costs associated with the purchase of a franchise enterprise. Prohibits the use of such assistance unless: (1) training is required and provided in connection with the purchase and operation of a franchise; and (2) such training, and the training entity, are approved by the Secretary. Provides training and entity approval requirements.
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Commends the Louisiana State University Tigers football team for winning the 2007 Bowl Championship Series national championship game.
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Supports the goals and ideals of National Life Insurance Awareness Month.
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Amends Internal Revenue Code provisions relating to tax-preferred empowerment zones, rural enterprise communities, and renewal communities to: (1) extend the period of designation for such areas through 2015; (2) provide a safe harbor standard for employee residency requirements in empowerment zones; (3) eliminate certain residency requirements for the empowerment zone employment tax credit; (4) grant authority to expand the boundaries of empowerment zones and enterprise communities, including those located in rural areas; (5) allow carryovers of unused expensing allowances for enterprise zone businesses; (6) allow certain empowerment zone businesses to elect to receive payments in lieu of tax benefits; (7) allow federal guarantees and tax exemptions for enterprise zones and renewal communities; and (8) allow the issuance of tax-exempt rural enterprise community bonds.
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