IRS Issues Guidance on Empowerment Zone Extensions

The IRS has issued guidance on empowerment zone termination date extensions:

Notice 2018-47 (PDF) explains how a state and local governments are deemed to extend the termination date designated in their empowerment zone nominations.  Under this notice, the termination dates are deemed extended until December 31, 2017.  The extension in this notice follows along similar past extensions.  See Notice 2013-38, Notice 2015-26, and Notice 2016-28.