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notification to the IRS by July 29, 2013. The writtennotification must affirmatively decline extensionof the EZ nomination.years that include December 31, 2012, the credit is20 percent of the employer's qualified wages (up toUSD15,000 per employee).EZs are highly distressed urban and rural communitieswho may be eligible for a combination of taxcredits for businesses, grants, low-cost loans andother benefits. Above all, an employment tax creditprovides businesses with an incentive to hire individualswho both live and work in an EZ. For taxIn addition, the EZ benefits available to businessescan include increased Section 179 tax deductions(of up to USD35,000 of the cost of eligibleequipment purchases), and the 60 percentexclusion of tax on capital gains upon the sale ofcertain assets.74