Sec. 327. EXTENSION OF EMPOWERMENT ZONE TAX INCENTIVES
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## SEC. 327 EXTENSION OF EMPOWERMENT ZONE TAX INCENTIVES ###
(a)In General Clause
(i)of section 1391(d)(1)(A) is amended by striking “December 31, 2011” and inserting “December 31, 2013”. ###
(b)Increased Exclusion of Gain on Stock of Empowerment Zone Businesses Subparagraph
(C)of section 1202(a)(2) is amended— ####
(1)by striking “December 31, 2016” and inserting “December 31, 2018”; and ####
(2)by striking “2016” in the heading and inserting “2018”. ###
(c)Treatment of Certain Termination Dates Specified in Nominations **[**[26 U.S.C. 1391 note](/us/usc/t26/s1391)**]** In the case of a designation of an empowerment zone the nomination for which included a termination date which is contemporaneous with the date specified in subparagraph (A)(i) of section 1391(d)(1) of the Internal Revenue Code of 1986 (as in effect before the enactment of this Act), subparagraph
(B)of such section shall not apply with respect to such designation if, after the date of the enactment of this section, the entity which made such nomination amends the nomination to provide for a new termination date in such manner as the Secretary of the Treasury (or the Secretary’s designee) may provide. ###
(d)Effective Date **[**[26 U.S.C. 1202 note](/us/usc/t26/s1202)**]** The amendments made by this section shall apply to periods after December 31, 2011.
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