S 3894
109th Congress
Senate
Taxation
Congress
Congressional reporting requirements
Depressed areas
Economics and Public Finance
Enterprise zones
Government Operations and Politics
Government paperwork
Income tax
Labor and Employment
Poverty
Residence requirements
Social Welfare
Unemployment
Urban affairs
A bill to amend the Internal Revenue Code of 1986 to alleviate poverty by encouraging the employment of residents by empowerment zone businesses through the employment of residents in designated areas of pervasive poverty, unemployment, and general distress.
Introduced: September 14, 2006
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 14, 2006
Read twice and referred to the Committee on Finance.
Sep 14, 2006
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to allow enterprise zone businesses operating in empowerment zones (economically depressed areas) who file necessary information with the Secretary of Housing and Urban Development documenting reasonable efforts to meet the residency requirement applicable to zone employees to receive an exemption from such requirement if at least 35% of their employees during the final three months of a taxable year are residents of the empowerment zone or any area within a 15-mile radius of the qualified business which has been designated by any governmental unit as an area of pervasive poverty, unemployment, and general distress.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1