Community Development in Opportunity Zones Act of 2020

Fact Sheet API

Bill Number

HR 7262

Introduced

Jun 18, 2020

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Bank accounts, deposits, capital Banking and financial institutions regulation Business investment and capital Economic development Income tax deferral Income tax exclusion Taxation

Full Text

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Votes

Summary

Community Development in Opportunity Zones Act of 2020

This bill includes within the definition of qualified opportunity zone business any community development financial institution. This allows qualified opportunity funds to invest in such institutions.

Actions

Jun 18, 2020

Referred to the House Committee on Ways and Means.
Jun 18, 2020

Introduced in House

Amendments

Related Bills