Empowerment Zone, Renewal Community and Enterprise Community Enhancement Act of 2009
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Empowerment Zone, Renewal Community and Enterprise Community Enhancement Act of 2009 - 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 and empowerment zone facility bonds.
Read twice and referred to the Committee on Finance.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 1222: Empowerment Zone, Renewal Community and Enterprise Community Enhancement Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-S-1222/
"S. 1222: Empowerment Zone, Renewal Community and Enterprise Community Enhancement Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-1222/.
S. 1222, 111th Cong. (2026), https://openamerica.io/bill/111-S-1222/.
[S. 1222: Empowerment Zone, Renewal Community and Enterprise Community Enhancement Act of 2009](https://openamerica.io/bill/111-S-1222/)