U.S. Code > Title 26 Internal Revenue Code > Subtitle A—Income Taxes (§§ 1—1564) > CHAPTER 1—NORMAL TAXES AND SURTAXES (§§ 1—1400U3) > Subchapter X—Renewal Communities (§§ 1400E—1400J) > PART III—ADDITIONAL INCENTIVES (§§ 1400H—1400J) > § 1400H. Renewal community employment credit

§ 1400H. Renewal community employment credit

(a) In general
Subject to the modification in subsection (b), a renewal community shall be treated as an empowerment zone for purposes of section 1396 with respect to wages paid or incurred after December 31, 2001.
(b) Modification
In applying section 1396 with respect to renewal communities—
(1) the applicable percentage shall be 15 percent, and
(2) subsection (c) thereof shall be applied by substituting “$10,000” for “$15,000” each place it appears.