Empowerment Zone and Renewal Community Enhancement Act of 2006
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Empowerment Zone and Renewal Community Enhancement Act of 2006 - Amends Internal Revenue Code provisions relating to tax-preferred empowerment zones, enterprise communities, and renewal communities to: (1) extend the period of designation for empowerment zones and renewal communities 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; (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; and (7) allow federal guarantees and tax exemptions for enterprise zone facility bonds.
Referred to the House Committee on Ways and Means.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 5660: Empowerment Zone and Renewal Community Enhancement Act of 2006. 109th Congress. Open America. https://openamerica.io/bill/109-HR-5660/
"H.R. 5660: Empowerment Zone and Renewal Community Enhancement Act of 2006." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-5660/.
H.R. 5660, 109th Cong. (2026), https://openamerica.io/bill/109-HR-5660/.
[H.R. 5660: Empowerment Zone and Renewal Community Enhancement Act of 2006](https://openamerica.io/bill/109-HR-5660/)