Empowering Jobs Act of 2015

Hozzl · 2023-01-11T13:28:22Z

Explore the details of Senate Bill 408 Empowering Jobs Act of 2015 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

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

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

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