INSTRUCTIONS - Search and replace 'PASTE-phrases' as appropriate.
Please be sure to fax a copy of each letter you send to Gene Gaines at
209-671-5082
=================
PASTE September 2000

To: Senator PASTE

From:	PASTE-your-name
			PASTE-your-city-state

Re:	Sections 205, 206, and 207 of H.R.  4923 The “Community
	Renewal and New  Markets Act of 2000” and Sections
	Sections 405, 406, and 407 of S. 2936  The “Creating New
	Markets and Empowering America Act of 2000.” [The “Acts”]
 
	We are writing you about the Acts and their applicability to our
Enterprise Community.

	We are constituents, residing in PASTE-city and we are involved in the
PASTE-your-EC(s) Enterprise Communities.

	We are asking you to support the effort to release the Acts from the
Senate Finance Committee as soon as possible, and ask that you VOTE FOR the
final bill.

	In addition and most importantly,  we strongly urge your support, as
has been given by various Democratic and Republican Congress Persons, that the
extension of the capital gains tax rollover provision [Sections 206 and 406,
respectively], the capital gains exclusion [Sections 207 and 407
respectively], and the increase in Tax Exempt Facilities Bonds to $15M per
Enterprise Zone Business, as is currently in effect for Washington, D.C.
[Sections 205 and 405 respectively] to include our Enterprise Communities.

	The Acts, as now written, only provide these benefits to Empowerment
Zones. It forgets about us in the Enterprise Communities! We need these
business development incentives, too.

	PLEASE, HAVE YOUR STAFF CONTACT THE APPROPRIATE PEOPLE ON THE FINANCE
COMMITTEE -- URGE THAT THESE PROVISIONS BE EXTENDED TO INCLUDE OUR ENTERPRISE
COMMUNITIES.

	The Enterprise Communities of our great State need your help.

	This rollover tax incentive, and exclusion will be the most powerful
and most cost-effective of enabling us people in the field to kick-start
economic growth in our distressed areas.  The increase to $15M, in tax exempt
bonds, is at no cost since we are still subject to the annual Private Activity
Limitation.

	Provide us the tax relief.  It will not cost a single tax revenue
dollar until an Enterprise Zone Business hires employees [35% or more from the
Enterprise Community], creates a successful business in a distressed community
and is sold at a profit. And the Acts provides for deferral if reinvested back
into our Enterprise Community.
 
	The Acts passed in the House and pending in the Senate are good -- but
in the rush to adjournment in an election year, us 95 existing Enterprise
Communities were forgotten.

	Please remember us!  We do disparately need your help.

	This help will give us the power to attract local investment and
venture capital in a way we cannot today. And it will not cost one dollar
unless and until the businesses we create make a profit and reinvest that
profit back in our distressed community.

	Our tax advisors estimate that the five year cost of making this
change will add less than two percent to the Act’s cost.  Should you have any
technical questions or reservations about supporting this issue, please
contact me by phone, and I will arrange an immediate answer from recognized
experts in this area.

	Thank you for your attention.

	Remember ... no cost to the government until we are successful in
creating new business which is sold for a profit.
 
	Signed,
	PASTE-your-name
	PASTE-your-address
 

cc:  PASTE-additional-congress-folks-you-write-to
	Gene Gaines (fax to:  209-671-5082)