News & Insights

Government Funding Agreement Includes Renewal of Federal Empowerment Zone Credit

Tax Development Feb 09, 2018

On Friday, February 9, 2018, President Trump signed legislation ending the government shutdown. The legislation includes a number of tax extenders and other tax provisions, including the extension of the Federal Empowerment Zone Job Credit through December 31, 2017. The Federal Empowerment Zone program allows for a credit of up to $3,000 per qualified employee and resident in a Federal Empowerment Zone. 

Additional tax provisions are included in the bill and can be viewed here.

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