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S 1222 111th Congress Senate Taxation Business investment and capital Financial services and investments Income tax credits Income tax deductions Income tax exclusion Interest, dividends, interest rates Rural conditions and development Securities Tax administration and collection, taxpayers Urban and suburban affairs and development Wages and earnings

Empowerment Zone, Renewal Community and Enterprise Community Enhancement Act of 2009

Introduced: June 9, 2009 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 9, 2009
Read twice and referred to the Committee on Finance.
Jun 9, 2009
Introduced in Senate
 Plain-English summary Congressional Research Service

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.

What's happening now June 9, 2009

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 3 Republican 1