qualified empowerment zone asset
Defined in 1 place of the United States Code.
The term “qualified empowerment zone asset” means any property which would be a qualified community asset (as defined in section 1400F) 1 if in section 1400F 1—
(i) references to empowerment zones were substituted for references to renewal communities,
(ii) references to enterprise zone businesses (as defined in section 1397C) were substituted for references to renewal community businesses,
(iii) the date of the enactment of this paragraph were substituted for “December 31, 2001” each place it appears, and
(iv) the day after the date set forth in section 1391(d)(1)(A)(i) were substituted for “January 1, 2010” each place it appears.
Source
- 2018–present26 U.S.C. § 1397BInternal Revenue Code · Nonrecognition of gain on rollover of empowerment zone investments · for purposes of this section
The term “qualified empowerment zone asset” means any property which would be a qualified community asset (as defined in section 1400F) if in section 1400F—
(i) references to empowerment zones were substituted for references to renewal communities,
(ii) references to enterprise zone businesses (as defined in section 1397C) were substituted for references to renewal community businesses, and
(iii) the date of the enactment of this paragraph were substituted for “December 31, 2001” each place it appears.
Source
- 2000–201426 U.S.C. § 1397BInternal Revenue Code · Nonrecognition of gain on rollover of empowerment zone investments · for purposes of this section
The term “qualified empowerment zone asset” means any property which would be a qualified community asset (as defined in section 1400F) if in section 1400F—
(i) references to empowerment zones were substituted for references to renewal communities,
(ii) references to enterprise zone businesses (as defined in section 1397C) were substituted for references to renewal community businesses,
(iii) the date of the enactment of this paragraph were substituted for “December 31, 2001” each place it appears, and
(iv) the day after the date set forth in section 1391(d)(1)(A)(i) were substituted for “January 1, 2010” each place it appears.
Source
- 2014–201826 U.S.C. § 1397BInternal Revenue Code · Nonrecognition of gain on rollover of empowerment zone investments · for purposes of this section