Revenue Procedure 2021-18 provides an automatic procedure for a State or local government in which an empowerment zone is located to extend the empowerment zone designation made under section 1391(a) of the Internal Revenue Code (Code).  Specifically, this revenue procedure provides that a State or local government that nominated an empowerment zone is deemed to extend until December 31, 2025, the termination date designated by that State or local government in its empowerment zone nomination (designated termination date), as described in section 1391(d)(1)(B).  This revenue procedure further provides the procedure for such State or local government to decline this deemed extension of its designated termination date.

Revenue Procedure 2021-18 will be in IRB: 2021-15, dated 04/12/2021.