Sec. 40311. EXTENSION OF EMPOWERMENT ZONE TAX INCENTIVES

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## SEC. 40311 EXTENSION OF EMPOWERMENT ZONE TAX INCENTIVES ###

(a)In General ####

(1)Extension **[**[26 U.S.C. 1391](/us/usc/t26/s1391)**]** Section 1391(d)(1)(A)(i) is amended by striking “December 31, 2016” and inserting “December 31, 2017”. ####

(2)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. ###

(b)Effective Date **[**[26 U.S.C. 1391 note](/us/usc/t26/s1391)**]** The amendment made by subsection (a)(1) shall apply to taxable years beginning after December 31, 2016.

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U.S. Code

Designation procedure
§ 1391

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Sec. 40311

EXTENSION OF EMPOWERMENT ZONE TAX INCENTIVES

U.S.C.§ 1391

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