3.0.0 3827 2023-01-12T17:52:24Z 2023-01-12T17:52:24Z Senate S S 2006-08-03 109 ssfi00 Finance Committee Senate Standing Referred to 2006-08-04T01:20:43Z 109 5660 HR 2006-06-21 Referred to the House Committee on Ways and Means. Related bill CRS 2006-08-03 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2006-08-03 Introduced in Senate IntroReferral 10000 9 Library of Congress L000035 Sen. Lincoln, Blanche L. [D-AR] BLANCHE LINCOLN D AR LAMBERT N S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. 2006-08-03 True S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2006-08-03 True R000361 Sen. Rockefeller, John D., IV [D-WV] JAY ROCKEFELLER D WV 2006-08-03 True L000550 Sen. Landrieu, Mary L. [D-LA] MARY LANDRIEU D LA 2006-08-03 True C001041 Sen. Clinton, Hillary Rodham [D-NY] HILLARY CLINTON D NY R 2006-08-03 True V000127 Sen. Vitter, David [R-LA] David Vitter R LA 2006-08-03 True P000590 Sen. Pryor, Mark L. [D-AR] Mark Pryor D AR Lunsford 2006-09-07 False L000261 Sen. Levin, Carl [D-MI] CARL LEVIN D MI MILTON 2006-09-13 False M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ 2006-09-13 False D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2006-09-25 False B001066 Sen. Bunning, Jim [R-KY] JIM BUNNING R KY 2006-09-25 False Taxation Bonds Boundaries Building construction Commerce Congressional reporting requirements Depreciation and amortization Economics and Public Finance Enterprise zones Federally-assisted loans Finance and Financial Sector Housing and Community Development Income tax Labor and Employment Maintenance and repair Office buildings Poverty Residence requirements Rural economic development Social Welfare Tax credits Tax deductions Tax-exempt securities Urban affairs Urban renewal Taxation

00 2006-08-03 Introduced in Senate 2006-08-18T18:53:11Z Empowerment Zone and Renewal Community Enhancement Act of 2006 - Amends Internal Revenue Code provisions relating to tax-preferred empowerment zones, enterprise communities, and renewal communities to: (1) extend the period of designation for empowerment zones and renewal communities through 2015; (2) provide a safe harbor standard for employee residency requirements in empowerment zones; (3) eliminate certain residency requirements for the empowerment zone employment tax credit; (4) grant authority to expand the boundaries of empowerment zones, enterprise communities, and renewal communities (requires expansion of such communities located in rural areas upon the request of a local government if specified conditions exist); (5) allow carryovers of unused expensing allowances for enterprise zone businesses; (6) allow certain empowerment zone businesses to elect to receive payments in lieu of tax benefits; and (7) allow federal guarantees and tax exemptions for enterprise zone facility bonds.

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Display Title Official Title as Introduced Introduced in Senate IS Short Titles as Introduced Introduced in Senate 2006-08-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s3827is/xml/BILLS-109s3827is.xml 2006-08-03 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.