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Empowering Jobs Act of 2015
1/11/2023, 1:28 PM
Congressional Summary of S 408
Empowering Jobs Act of 2015
Amends the Internal Revenue Code, with respect to tax-exempt enterprise zone facility bonds and empowerment zones, to: (1) include as employees of a qualified business entity employees who are residents of an empowerment zone, an enterprise community, or a qualified low-income community; and (2) extend the period of designation for empowerment zones through December 31, 2016 (thus extending the eligibility of such zones for certain tax benefits).
Read the Full Bill
Current Status of Bill S 408
Bill S 408 is currently in the status of Bill Introduced since February 5, 2015. Bill S 408 was introduced during Congress 114 and was introduced to the Senate on February 5, 2015. Bill S 408's most recent activity was Read twice and referred to the Committee on Finance. as of February 5, 2015
Bipartisan Support of Bill S 408
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
0Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 408
Primary Policy Focus
TaxationPotential Impact Areas
- Economic development
- Income tax exclusion
- Rural conditions and development
- Securities
- Urban and suburban affairs and development
Alternate Title(s) of Bill S 408
Empowering Jobs Act of 2015
A bill to amend the Internal Revenue Code of 1986 to modify the rules for tax-exempt enterprise zone facility bonds and to extend the tax incentives for empowerment zones.
Empowering Jobs Act of 2015
Comments
Sponsors and Cosponsors of S 408
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