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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).

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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
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
0
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 408

Primary Policy Focus

Taxation

Potential 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

Debbie Stabenow
Debbie Stabenow
MichiganDemocrat
Roy Blunt
Roy Blunt
MissouriRepublican

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