Photo by PoPville flickr user Mr. T in DC
From a press release:
“Congresswoman Eleanor Holmes Norton (D-DC) today introduced the District of Columbia Incentives for Business and Individual Investment Act to reauthorize the federal tax incentives for investment in economically distressed areas in the District of Columbia, commonly known as the D.C. empowerment zone, and the $5,000 first-time homebuyer tax credit in D.C., both of which expired at the end of 2011. The D.C. tax incentives, for the first time, were left out of the most recent congressional extension of temporary tax provisions, known as “tax extenders,” in the American Taxpayer Relief Act (ATRA). Norton, in her statement introducing the bill, said, “It would be tragic to single out the nation’s capital as the only empowerment zone city not to be renewed just as the eastern sections of the city are about to take off.” (more…)
