About: Renewal community

Facets (new session)
Description
Metadata
Settings
- Rule:
- Inverse Functional Properties:
- "Same As":

About: Renewal community Goto Sponge NotDistinct Permalink

An Entity of Type : dbo:Settlement, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)
QRcode icon

http://dbpedia.demo.openlinksw.com/describe/?url=http%3A%2F%2Fdbpedia.org%2Fresource%2FRenewal_community&invfp=IFP_OFF&sas=SAME_AS_OFF

Renewal Communities (RCs) and Empowerment Zones (EZs) are distressed urban and rural communities in the United States where qualifying businesses are eligible for billions of dollars in tax incentives. They were created in the Community Renewal Tax Relief Act of 2000, which was eventually passed as part of the Consolidated Appropriations Act, 2001.

Attributes	Values
rdf:type	settlement
rdfs:label	Renewal community (en)
rdfs:comment	Renewal Communities (RCs) and Empowerment Zones (EZs) are distressed urban and rural communities in the United States where qualifying businesses are eligible for billions of dollars in tax incentives. They were created in the Community Renewal Tax Relief Act of 2000, which was eventually passed as part of the Consolidated Appropriations Act, 2001. (en)
dcterms:subject	United States Department of Housing and Urban Development
Wikipage page ID	15047494 (xsd:integer)
Wikipage revision ID	821067999 (xsd:integer)
Link from a Wikipage to another Wikipage	Camden, New Jersey United States Department of Housing and Urban Development San Diego, California Schenectady, New York New Markets Tax Credit Program Detroit United States United States Department of Agriculture United States Department of Housing and Urban Development Community Renewal Tax Relief Act of 2000 Corpus Christi, Texas Memphis, Tennessee El Paso County, Texas Mobile County, Alabama Los Angeles, California Lowell, Massachusetts Empowerment zone Burlington, Vermont Flint, Michigan Ouachita Parish, Louisiana Parlier, California Hamilton, Ohio Jamestown, New York Atlanta, Georgia Chattanooga, Tennessee Chicago Lawrence, Massachusetts Tacoma, Washington Empowerment Zone Illinois Michigan Milwaukee, Wisconsin Newark, New Jersey Youngstown, Ohio San Francisco, California Consolidated Appropriations Act, 2001 dbr:Greene-Sumter_County,_Alabama dbr:Orange_Grove,_California
Link from a Wikipage to an external page	http://www.hud.gov/ https://www.irs.gov/publications/p954/index.html http://www.hud.gov/offices/cpd/economicdevelopment/library/taxincentivesqa.pdf http://www.irs.ogv
sameAs	Renewal community Renewal community Renewal community
dbp:wikiPageUsesTemplate	dbt:More_citations_needed dbt:Reflist dbt:Contemporary_social_welfare_programs_in_the_United_States
has abstract	Renewal Communities (RCs) and Empowerment Zones (EZs) are distressed urban and rural communities in the United States where qualifying businesses are eligible for billions of dollars in tax incentives. They were created in the Community Renewal Tax Relief Act of 2000, which was eventually passed as part of the Consolidated Appropriations Act, 2001. The Community Renewal Tax Relief Act of 2000 is intended to improve development in economically distressed areas of the United States. The law offers "tax incentives for businesses to locate and hire residents in urban and rural areas that have not experienced recent economic expansion." Both rural and urban areas are eligible. Three primary means were used: renewal communities, empowerment zones, and community development entities. The bill also created the New Markets Tax Credit Program, which has been renewed several times and is still in effect. One provision of the Community Renewal Tax Relief Act of 2000 was the creation of 40 "renewal communities". Renewal communities would receive special tax breaks designed to encourage economic growth by generating business investment and job opportunities. Requirements to being designated a renewal community included having a high rate of poverty and high unemployment rate (compared to rates nationwide). The communities must have under 200,000 people in them, but can be any physical size. Local and state governments must be involved with a community gaining this designation. They are required to participate by making their own commitments to taking action to reduce economic burdens on employers and businesses in the area, as well as taking steps to encourage economic growth. If a community is successful in becoming a designated renewal community, local business "may be entitled to employer wage credits for full-time employees and summer workers, an expanded expense deduction for tangible assets, an accelerated commercial revitalization deduction and a 100% exclusion for capital gains on the sale of certain renewal community business interests or tangible assets." (en)
gold:hypernym	Communities
prov:wasDerivedFrom	wikipedia-en:Renewal_community?oldid=821067999&ns=0
page length (characters) of wiki page	7193 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Renewal_community
is Link from a Wikipage to another Wikipage of	Community Renewal Tax Relief Act of 2000 Empowerment zone
is foaf:primaryTopic of	wikipedia-en:Renewal_community

Faceted Search & Find service v1.17_git139 as of Feb 29 2024

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 08.03.3330 as of Mar 19 2024, on Linux (x86_64-generic-linux-glibc212), Single-Server Edition (378 GB total memory, 67 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2024 OpenLink Software