IRS automatically extends empowerment zone designations through 2025

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March 26, 2021
2021-0643

The IRS has provided (Revenue Procedure 2021-18) an automatic extension until December 31, 2025, for empowerment zone designations made under IRC Section 1391(a). The new guidance also includes a procedure that state and local governments with empowerment zones may use to decline the deemed extension.

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