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Extending Empowerment Zone Tax Benefits to the District of Columbia.

This bill extends federal tax benefits typically reserved for designated economic development areas (Empowerment Zones) to the District of Columbia. This change allows businesses and residents in D.C. to access specific tax incentives aimed at stimulating investment and job creation. The goal is to boost economic activity within the capital.
Key points
The District of Columbia (or its largest qualifying area) will be treated as an "empowerment zone" for federal tax purposes.
This change grants businesses and investors in D.C. access to tax relief designed to encourage economic development.
The new tax rules will take effect for periods beginning after December 31, 2025.
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Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_6537
Sponsor: Del. Norton, Eleanor Holmes [D-DC-At Large]