(Added Pub. L. 106–554, § 1(a)(7) [title I, § 101(a)], Dec. 21, 2000, 114 Stat. 2763, 2763A–596.)
(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 .
(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.