Update on 2017 Designated Community Resident, Empowerment Zone (EZ): On February 9, 2018, empowerment zones were reauthorized under the Bipartisan Budget Act of 2018. The IRS has issued IRS Notice 18-47 (PDF) explaining how a state or local government is deemed to extend the termination date designated in an empowerment zone nomination until December 31, 2017. The[…]