To designate all of Puerto Rico as an opportunity zone.

Fact Sheet API

Bill Number

HR 1740

Introduced

Mar 10, 2021

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

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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

Mar 10, 2021

Referred to the House Committee on Ways and Means.
Mar 10, 2021

Introduced in House

Amendments

Related Bills