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Although the Empowerment Zone wage tax credit program expired on December 31, 2011, credits can still be claimed by amending tax returns for the years 2009, 2010, and 2011. The Renewal Community program expired on December 31, 2009, but a company can still amend its tax return for 2009 to claim the available credits.
The Community Renewal Tax Relief Act of 2000 is intended to improve development in economically distressed areas of the United States. The law offers "tax incentives for businesses to locate and hire residents in urban and rural areas that have not experienced recent economic expansion." [2] Both rural and urban areas are eligible.
Renewal community. Renewal Communities (RCs) and Empowerment Zones (EZs) are distressed urban and rural communities in the United States where qualifying businesses are eligible for billions of dollars in tax incentives. They were created in the Community Renewal Tax Relief Act of 2000, which was eventually passed as part of the Consolidated ...
The New Markets Tax Credit (NMTC) Program is a federal financial program in the United States. It aims to stimulate business and real estate investment in low-income communities in the United States via a federal tax credit. The program is administered by the US Treasury Department's Community Development Financial Institutions Fund (CDFI Fund ...
USDA Food Desert Locator Map. The Food Desert Oasis Act of 2009 or H.R. 3100 (111th) was introduced in the US House of Representatives on June 26, 2009 by Rep. Bobby Rush [D-IL 1]. [1] Rep. Rush introduced the bill to establish the Food Desert Oasis Pilot Program, intended to combat food deserts. [2] A food desert defined by the United States ...
Opportunity zone. An Opportunity Zone is a designation and investment program created by the Tax Cuts and Jobs Act of 2017 allowing for certain investments in lower income areas to have tax advantages. The purpose of this program is to put capital to work that would otherwise be locked up due to the asset holder's unwillingness to trigger a ...
January 22, 1944 (age 80) Portsmouth, Virginia, U.S. Political party. Democratic. Spouse. Otis Lucas. Education. Norfolk State University ( BS, MA) Lillie Louise Lucas ( née Boone; born January 22, 1944) is an American politician serving as a Virginia state senator, representing the 18th District in the southeast region of the state since 1992 ...
Virginia is currently divided into 11 congressional districts, each represented by a member of the United States House of Representatives. The death of Rep. Donald McEachin on November 28, 2022, left the 4th congressional district seat empty. [1] [2] Following the results of a special election to fill his seat on February 21, 2023, Jennifer ...