Skip to main content
HR 5660 109th Congress House Taxation Bonds Boundaries Building construction Commerce Congressional reporting requirements Depreciation and amortization Economics and Public Finance Enterprise zones Federally-assisted loans Finance and Financial Sector Income tax Labor and Employment Maintenance and repair Office buildings Poverty Residence requirements Social Welfare Tax credits Tax deductions

Empowerment Zone and Renewal Community Enhancement Act of 2006

Introduced: June 21, 2006 See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 21, 2006
Referred to the House Committee on Ways and Means.
Jun 21, 2006
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now June 21, 2006

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1