This HTML5 document contains 59 embedded RDF statements represented using HTML+Microdata notation.

The embedded RDF content will be recognized by any processor of HTML5 Microdata.

Namespace Prefixes

PrefixIRI
dctermshttp://purl.org/dc/terms/
dbohttp://dbpedia.org/ontology/
foafhttp://xmlns.com/foaf/0.1/
n15https://global.dbpedia.org/id/
dbthttp://dbpedia.org/resource/Template:
rdfshttp://www.w3.org/2000/01/rdf-schema#
freebasehttp://rdf.freebase.com/ns/
n20http://
n6https://www.irs.gov/publications/p954/
rdfhttp://www.w3.org/1999/02/22-rdf-syntax-ns#
n19http://www.hud.gov/
owlhttp://www.w3.org/2002/07/owl#
n12http://www.hud.gov/offices/cpd/economicdevelopment/library/
wikipedia-enhttp://en.wikipedia.org/wiki/
provhttp://www.w3.org/ns/prov#
dbphttp://dbpedia.org/property/
dbchttp://dbpedia.org/resource/Category:
xsdhhttp://www.w3.org/2001/XMLSchema#
wikidatahttp://www.wikidata.org/entity/
goldhttp://purl.org/linguistics/gold/
dbrhttp://dbpedia.org/resource/

Statements

Subject Item
dbr:Renewal_community
rdf:type
dbo:Settlement
rdfs:label
Renewal community
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.
dcterms:subject
dbc:United_States_Department_of_Housing_and_Urban_Development
dbo:wikiPageID
15047494
dbo:wikiPageRevisionID
821067999
dbo:wikiPageWikiLink
dbr:Illinois dbr:Empowerment_Zone dbr:Empowerment_zone dbr:Milwaukee,_Wisconsin dbr:Youngstown,_Ohio dbr:Newark,_New_Jersey dbr:Chattanooga,_Tennessee dbr:Mobile_County,_Alabama dbr:Schenectady,_New_York dbr:Hamilton,_Ohio dbc:United_States_Department_of_Housing_and_Urban_Development dbr:Parlier,_California dbr:Camden,_New_Jersey dbr:Lawrence,_Massachusetts dbr:Greene-Sumter_County,_Alabama dbr:Corpus_Christi,_Texas dbr:Consolidated_Appropriations_Act,_2001 dbr:Ouachita_Parish,_Louisiana dbr:Chicago dbr:United_States dbr:United_States_Department_of_Agriculture dbr:Atlanta,_Georgia dbr:Los_Angeles,_California dbr:Jamestown,_New_York dbr:San_Francisco,_California dbr:San_Diego,_California dbr:Tacoma,_Washington dbr:Detroit dbr:Michigan dbr:Flint,_Michigan dbr:Memphis,_Tennessee dbr:El_Paso_County,_Texas dbr:Lowell,_Massachusetts dbr:New_Markets_Tax_Credit_Program dbr:Burlington,_Vermont dbr:Orange_Grove,_California dbr:United_States_Department_of_Housing_and_Urban_Development dbr:Community_Renewal_Tax_Relief_Act_of_2000
dbo:wikiPageExternalLink
n6:index.html n12:taxincentivesqa.pdf n19: n20:www.irs.ogv
owl:sameAs
wikidata:Q7313137 freebase:m.03h5vr6 n15:4tTRi
dbp:wikiPageUsesTemplate
dbt:More_citations_needed dbt:Contemporary_social_welfare_programs_in_the_United_States dbt:Reflist
dbo: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."
gold:hypernym
dbr:Communities
prov:wasDerivedFrom
wikipedia-en:Renewal_community?oldid=821067999&ns=0
dbo:wikiPageLength
7193
foaf:isPrimaryTopicOf
wikipedia-en:Renewal_community