26 U.S. Code § 1400H - Renewal community employment credit

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§ 1400H.
Renewal community employment credit
(a) In general

Subject to the modification in subsection (b), a renewal community shall be treated as an empowerment zone for purposes of section 1396 with respect to wages paid or incurred after December 31, 2001.

(b) ModificationIn applying section 1396 with respect to renewal communities—
the applicable percentage shall be 15 percent, and
subsection (c) thereof shall be applied by substituting “$10,000” for “$15,000” each place it appears.
(Added Pub. L. 106–554, § 1(a)(7) [title I, § 101(a)], Dec. 21, 2000, 114 Stat. 2763, 2763A–596.)


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