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All Empowerment Zone Designations Terminate at End of 2013
(Parker Tax Publishing: October 20, 2013)

All empowerment zone designations remain in effect through the end of 2013 and will terminate on December 31, 2013. IR-2013-78 (9/27/13).

Empowerment zones are certain urban and rural areas where employers and other taxpayers qualify for special tax incentives. In May, the IRS issued Notice 2013-38 to address the relevant provision of the American Taxpayer Relief Act of 2012 that deal with empowerment zones. Notice 2013-38 provided that any nomination for an empowerment zone in effect on December 31, 2009, will have a new termination date of December 31, 2013, unless the governing state or municipality declined the extension in a notification to the IRS.

The deadline for notification was July 29, 2013, and no state or municipality contacted the IRS to decline the extension. Therefore, all empowerment zone designations in effect on December 31, 2009, remain in effect through December 31, 2013, at which time the designation terminates.

Empowerment zones were created by legislation enacted in 1993, and most zones had an expiration date of December 31, 2009. Subsequent legislation extended the expiration dates to December 31, 2011, and then December 31, 2013. The American Taxpayer Relief Act of 2012 did not provide for the extension of the designation for the District of Columbia enterprise zone, and therefore that designation ended on December 31, 2011.

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Disclaimer: This publication does not, and is not intended to, provide legal, tax or accounting advice, and readers should consult their tax advisors concerning the application of tax laws to their particular situations. This analysis is not tax advice and is not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. The information contained herein is general in nature and based on authorities that are subject to change. Parker Tax Publishing guarantees neither the accuracy nor completeness of any information and is not responsible for any errors or omissions, or for results obtained by others as a result of reliance upon such information. Parker Tax Publishing assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect information contained herein.

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