Table of Contents

• Publication 954 - Introductory Material
  • Introduction
  • Useful Items - You may want to see:
• Publication 954 - Main Contents
  • Empowerment Zones
    • Designated Zones
    • Empowerment Zone Employment Credit
    • Increased Section 179 Deduction
    • Rollover of Gain From Sale of Empowerment Zone Assets
    • Increased Exclusion of Gain From Qualified Small Business Stock
  • Renewal Communities
    • Designated Renewal Communities
    • Renewal Community Employment Credit
    • Increased Section 179 Deduction
    • Commercial Revitalization Deduction
    • Capital Gain Exclusion
  • Enterprise Communities
  • New York Liberty Zone
    • New York Liberty Zone Business Employee Credit
    • Special Liberty Zone Depreciation Allowance
    • Increased Section 179 Deduction
    • New York Liberty Zone Leasehold Improvement Property
    • Extension of Replacement Period for Involuntarily Converted Property
  • New Markets Credit
    • QALICB.
    • Qualified business.
    • Low-income community.
    • Exceptions.
  • Tax-Exempt Bond Financing
    • Qualified business.
    • Relaxed requirements during start-up period.
    • Requirements during and after testing period.
    • Special rule for substantially renovated property.
    • Special rule for bonds issued after July 30, 1996.
  • Qualified Zone Academy Bonds
  • Work Opportunity Credit
    • State certification required.
    • Nonqualified wages.
    • Successor employer.
    • Effect on salary and wage deduction.
    • Effect on empowerment zone and renewal community employment credits.
    • Effect of welfare-to-work credit.
    • Effect on New York Liberty Zone business employee credit.
  • Welfare-to-Work Credit
    • State certification required.
    • Nonqualified wages.
    • Qualified first-year wages.
    • Qualified second-year wages.
    • Successor employer.
    • Effect on salary and wage deduction.
    • Effect on empowerment zone and renewal community employment credits.
    • Effect of work opportunity credit.
    • Effect of New York Liberty Zone business employee credit.
  • Indian Employment Credit
    • Nonqualified employees.
    • Effect of work opportunity credit.
    • Effect on salary and wage deduction.
    • Early termination of employee.
  • Depreciation of Property Used on Indian Reservations
    • Qualified infrastructure property.
  • Capital Gain Exclusion for DC Zone Assets
    • Redemptions of business stock.
    • Redemptions of partnership interest.
    • Special rule for substantially improved buildings.
  • How To Get Tax Help
• Index