To amend the Internal Revenue Code of 1986 to alleviate poverty by encouraging the employment of residents by empowerment zone businesses through the employment of residents in designated areas of pervasive poverty, unemployment, and general distress.

3.0.0 3894 2023-01-12T17:52:06Z 2023-01-12T17:52:06Z Senate S S 2006-09-14 109 ssfi00 Finance Committee Senate Standing Referred to 2006-09-14T15:01:37Z To amend the Internal Revenue Code of 1986 to alleviate poverty by encouraging the employment of residents by empowerment zone businesses through the employment of residents in designated areas of pervasive poverty, unemployment, and general distress. 109 6276 HR 2006-09-29 Referred to the House Committee on Ways and Means. Identical bill CRS 2006-09-14 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2006-09-14 Introduced in Senate IntroReferral 10000 9 Library of Congress B000611 Sen. Bond, Christopher S. [R-MO] CHRISTOPHER BOND R MO S. N T000024 Sen. Talent, Jim [R-MO] JIM TALENT R MO 2006-09-14 True D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2006-09-14 True O000167 Sen. Obama, Barack [D-IL] Barack Obama D IL 2006-09-14 True Taxation Congress Congressional reporting requirements Depressed areas Economics and Public Finance Enterprise zones Government Operations and Politics Government paperwork Income tax Labor and Employment Poverty Residence requirements Social Welfare Unemployment Urban affairs Taxation

00 2006-09-14 Introduced in Senate 2006-10-25T13:47:21Z Amends the Internal Revenue Code to allow enterprise zone businesses operating in empowerment zones (economically depressed areas) who file necessary information with the Secretary of Housing and Urban Development documenting reasonable efforts to meet the residency requirement applicable to zone employees to receive an exemption from such requirement if at least 35% of their employees during the final three months of a taxable year are residents of the empowerment zone or any area within a 15-mile radius of the qualified business which has been designated by any governmental unit as an area of pervasive poverty, unemployment, and general distress.

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A bill to amend the Internal Revenue Code of 1986 to alleviate poverty by encouraging the employment of residents by empowerment zone businesses through the employment of residents in designated areas of pervasive poverty, unemployment, and general distress. Display Title A bill to amend the Internal Revenue Code of 1986 to alleviate poverty by encouraging the employment of residents by empowerment zone businesses through the employment of residents in designated areas of pervasive poverty, unemployment, and general distress. Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to alleviate poverty by encouraging the employment of residents by empowerment zone businesses through the employment of residents in designated areas of pervasive poverty, unemployment, and general distress. Introduced in Senate IS Introduced in Senate 2006-09-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s3894is/xml/BILLS-109s3894is.xml 2006-09-14 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.