§1397F — Title 26 Internal Revenue Code | U.S. Code

§1397F Regulations

Title 26 › Subtitle Subtitle A— Income Taxes › Chapter 1— NORMAL TAXES AND SURTAXES › Subchapter U— Designation and Treatment of Empowerment Zones, Enterprise Communities, and Rural Development Investment Areas › Part V— REGULATIONS › § 1397F

Last updated Apr 6, 2026|Official source

Summary

The Treasury must write the regulations needed to carry out the empowerment zone tax rules, including rules that cap benefits when combining them with other federal programs would subsidize an activity 100 percent or more, rules to prevent abuse, and rules for businesses that accidentally fail to qualify as enterprise zone businesses.

Title 26, §1397F

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The Secretary shall prescribe such regulations as may be necessary or appropriate to carry out the purposes of parts II and III, including—

(1)regulations limiting the benefit of parts II and III in circumstances where such benefits, in combination with benefits provided under other Federal programs, would result in an activity being 100 percent or more subsidized by the Federal Government,

(2)regulations preventing abuse of the provisions of parts II and III, and

(3)regulations dealing with inadvertent failures of entities to be enterprise zone businesses.

Editorial Notes

Amendments

1998—Pub. L. 105–206 amended directory language of Pub. L. 105–34, § 226(a). See 1997 Amendment note below. 1997—Pub. L. 105–34, § 226(a), as amended by Pub. L. 105–206, renumbered section 1397D of this title as this section.

§1397F Regulations

Summary

Title 26, §1397F

Notes & Related Subsidiaries

Editorial Notes

Amendments

Citations & Metadata