Revitalization area credit.

Checkout our iOS App for a better way to browser and research.

    (a)    In this section, “revitalization area” has the meaning stated in § 6–301 of this title.

    (b)    For a qualified opportunity zone business that qualifies for a job creation tax credit under § 6–304 of this title:

        (1)    the Level 1 opportunity zone enhancement is equal to:

            (i)    $3,075 multiplied by the number of qualified employees working in a facility not located in a revitalization area; and

            (ii)    $5,125 multiplied by the number of qualified employees working in a facility located in a revitalization area; and

        (2)    the Level 2 opportunity zone enhancement is equal to:

            (i)    $3,300 multiplied by the number of qualified employees working in a facility not located in a revitalization area; and

            (ii)    $5,500 multiplied by the number of qualified employees working in a facility located in a revitalization area.

    (c)    The enhanced multiplier authorized under subsection (b) of this section is in substitution for and not in addition to the multiplier under § 6–304(b)(1) of this title.


Download our app to see the most-to-date content.