To designate all of Puerto Rico as an opportunity zone.

Fact Sheet API

Bill Number

HR 7492

Introduced

Jul 6, 2020

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Business investment and capital Capital gains tax Economic development Income tax deferral Income tax exclusion Puerto Rico Taxation U.S. territories and protectorates

Full Text

View Full Bill Text

Votes

Summary

This bill removes conditions on the designation of Puerto Rico as a qualified opportunity zone. In general, a qualified opportunity zone is an economically-distressed community where new investment may be eligible for preferential tax treatment.

Actions

Jul 6, 2020

Referred to the House Committee on Ways and Means.
Jul 6, 2020

Referred to the Subcommittee on Select Revenue Measures.
Jul 6, 2020

Introduced in House

Amendments

Related Bills