2012 US Code
Title 26 - Internal Revenue Code
Subtitle A - Income Taxes (§§ 1 - 1564)
Chapter 1 - NORMAL TAXES AND SURTAXES (§§ 1 - 1400U-3)
Subchapter X - Renewal Communities (§§ 1400E - 1400J)
Part III - ADDITIONAL INCENTIVES (§§ 1400H - 1400J)
Section 1400H - Renewal community employment credit
| Publication Title | United States Code, 2012 Edition, Title 26 - INTERNAL REVENUE CODE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 26 - INTERNAL REVENUE CODE Subtitle A - Income Taxes CHAPTER 1 - NORMAL TAXES AND SURTAXES Subchapter X - Renewal Communities PART III - ADDITIONAL INCENTIVES Sec. 1400H - Renewal community employment credit |
| Contains | section 1400H |
| Date | 2012 |
| Laws in Effect as of Date | January 15, 2013 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Added Pub. L. 106-554, §1(a)(7) [title I, §101(a)], Dec. 21, 2000, 114 Stat. 2763, 2763A-596. |
| Statutes at Large Reference | 114 Stat. 2763 |
| Public Law Reference | Public Law 106-554 |
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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—
(1) the applicable percentage shall be 15 percent, and
(2) 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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