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Tax Benefits Extension: District of Columbia Empowerment Zone Status.

This bill extends specific tax benefits, previously available to designated "empowerment zones," to the District of Columbia. This means that parts of the District of Columbia will be treated as if they are empowerment zones, potentially bringing financial advantages to residents and businesses there. These changes will take effect starting January 1, 2024.
Key points
The District of Columbia will gain access to tax benefits previously reserved for "empowerment zones," potentially boosting the local economy.
Businesses and residents in the District of Columbia may benefit from new tax incentives, potentially reducing their financial burdens.
The provisions become effective on January 1, 2024, meaning benefits will be available soon.
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Additional Information
Print number: 118_HR_6488
Sponsor: Del. Norton, Eleanor Holmes [D-DC-At Large]
Process start date: 2023-11-28
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To amend the Internal Revenue Code of 1986 to extend certain tax benefits related to empowerment zones to the District of Columbia.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6488.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-11-28.

What are the main provisions?

Key points include:

  • The District of Columbia will gain access to tax benefits previously reserved for "empowerment zones," potentially boosting the local economy.
  • Businesses and residents in the District of Columbia may benefit from new tax incentives, potentially reducing their financial burdens.
  • The provisions become effective on January 1, 2024, meaning benefits will be available soon.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Del. Norton, Eleanor Holmes [D-DC-At Large].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes Economy Local Government