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119-hr-6537119th CongressWALLET

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

Sponsored By: Representative Norton, Eleanor Holmes [D-DC-At Large]

Introduced

Summary

This bill would _extend empowerment-zone tax benefits to the District of Columbia_. It adds a deeming rule to Internal Revenue Code section 1391(b)(2) that treats the largest area of D.C. meeting the eligibility tests as an empowerment zone for tax purposes, specifies that this deemed area does not count toward the cap on designated empowerment zones, and applies for periods beginning after December 31, 2025.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Empowerment zone tax break for DC

If enacted, this bill would treat parts of the District of Columbia as an empowerment zone for tax purposes. This would apply for tax periods beginning after December 31, 2025. If you run a business or live in the affected area, you would be able to use empowerment-zone tax incentives and related area-based tax treatment. The bill says the DC designation would not count toward the statutory limit on the number of empowerment zones.

Sponsors & CoSponsors

Sponsor

Norton, Eleanor Holmes [D-DC-At Large]

DC • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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