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ORDINANCE NO.___AN ORDINANCE RENEWING AND REDESIGNATING A CERTAIN AREA IN THE CITY OF FORT WORTH AS NEIGHBORHOOD EMPOWERMENT REINVESTMENT ZONE NO. 13, CITY OF FORT WORTH, TEXAS; PROVIDING THE EFFECTIVE
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A Neighborhood Empowerment Zone (NEZ) is a designated area within a city that is aimed at fostering economic development and revitalization. It provides tax incentives and support to encourage businesses and residents to invest in the neighborhood.
Businesses that claim tax credits or benefits associated with the Neighborhood Empowerment Zone are required to file the necessary documentation.
To fill out the Neighborhood Empowerment Zone forms, gather all required information about the business, the property, and any claimed tax benefits. Complete the designated forms as per local guidelines, ensuring accuracy and completeness.
The purpose of the Neighborhood Empowerment Zone is to encourage economic growth, enhance community infrastructure, and promote the overall quality of life in designated neighborhoods by attracting investment and providing support.
Information that must be reported includes business identification details, property information, financial data related to tax benefits claimed, and other relevant metrics that demonstrate compliance with NEZ requirements.
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