Enhanced Enterprise Zones Act of 1995

[AI summary unavailable — showing source text] TABLE OF CONTENTS: Title I: Federal Tax Incentives Title II: Regulatory Flexibility Title III: Low-Income School Choice Title IV: Resident Management and Homeownership Incentives Enhanced Enterprise Zones Act of 1995 - Title I: Federal Tax Incentives - Amends the Internal Revenue Code to exclude from gross income any qualified capital gain recognized on the sale or exchange of a qualified zone asset held for more than five years. Includes as requirements for qualifying as a zone asset that the asset be: (1) stock in an enterprise zone business; (2) business property used in an empowerment zone or enterprise community; or (3) a partnership interest in an enterprize zone business. Allows a taxpayer to elect to deduct the amount paid for the purchase of enterprise zone stock. (Sec. 102) Allows a credit for a portion of qualified rehabilitation expenditures for buildings meeting certain requirements, including being in an empowerment zone or enterprise community. Title II: Regulatory Flexibility - Amends Federal law relating to Government organization and employees to modify the definition of "small entity" (for purposes of provisions concerning the analysis of regulatory functions) wi…