arrow_back Trending Legislation
Share share

Tax Benefits Extended to District of Columbia Empowerment Zones.

This bill extends specific tax benefits, previously available to designated empowerment zones, to the District of Columbia. This means businesses and residents in certain areas of the District could receive tax advantages, aiming to encourage investment and job creation. These changes may foster economic growth and improve living conditions in those regions.
Key points
The District of Columbia will be treated as an empowerment zone, enabling special tax benefits.
Businesses and residents in designated areas of the District may qualify for tax preferences, stimulating local economy.
The provisions will take effect from January 1, 2022, impacting future tax filings.
article Official text account_balance Process page notifications_active Track this Bill
gavel
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
To amend the Internal Revenue Code of 1986 to extend certain tax benefits related to empowerment zones to the District of Columbia.
Print number: HR 6318
Sponsor: Del. Norton, Eleanor Holmes [D-DC-At Large]
Process start date: 2021-12-16