Sec. 3821. Repeal of provisions relating to Empowerment Zones and Enterprise Communities
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/bill/113/hr/1/ih/section-3821A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Chapter 1 is amended by striking subchapter U (and by striking the item relating to such subchapter in the table of subchapters for such chapter). Section 38(b) is amended by striking paragraph (9). Section 280C(a) is amended by striking 1396(a), . Section 179(e) is amended by striking paragraph
(3)and by redesignating paragraph
(4)as paragraph (3). Section 1202(a)(2)(A) is amended by inserting (as in effect before its repeal by the after Tax Reform Act of 2014 ) section 1397C(b) . Except as otherwise provided in this subsection, the amendment made by this section shall take effect on the date of the enactment of this Act. So much of subsection
(a)as relates to the repeal of section 1397B of the Internal Revenue Code of 1986 shall apply to sales after the date of the enactment of this Act. The amendments made by this section shall not apply to obligations described in section 1394 of the Internal Revenue Code of 1986 (as in effect before its repeal) which were issued before January 1, 2014.