To amend the Internal Revenue Code of 1986 to extend certain tax benefits related to empowerment zones.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Apr 10, 2019)
This bill extends the period for the designation of empowerment zones and reinstates the tax credit for holders of qualified zone academy bonds. An empowerment zone is an economically distressed community eligible for various tax incentives and grants from the federal government to promote investment in the community.
The bill reinstates and expands the tax credit for holders of qualified zone academy bonds. A qualified zone academy bond is a tax-exempt bond that may be issued to rehabilitate or repair a public school facility, to provide equipment and develop course material, and train teachers and other school personnel.
What just happenedApr 10, 2019
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseApr 10, 2019
- Apr 10, 2019IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Apr 10, 2019IntroReferralIntro-H
Introduced in House
- Apr 10, 2019IntroReferral1000
Introduced in House