What is the Federal Empowerment Zone Tax Credit?
The Federal Empowerment Zone Tax Credit is a tax incentive program for businesses that are located within an “Empowerment Zone” that hire employees who also live within the same zone. Empowerment Zones are areas designated by the government as distressed urban and rural communities in the United States. This program was put into place to help revitalize certain distressed areas. The credit was renewed retroactively at the end of 2015 and is in effect through December 31, 2016.
Empowerment Zones Areas:
Urban Areas |
Rural Areas |
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