The IRS announced that all the designated empowerment zones where employers and other taxpayers qualify for special tax incentives will remain in effect through the end of the year.
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Empowerment Zones were created by legislation in 1993, and most zones had an expiration date of Dec. 31, 2009. Subsequent legislation extended the expiration dates to Dec. 31, 2011, and then Dec. 31, 2013.
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