HOUSE 1740117th CongressReferred to the House Committee on Ways and Means.

To designate all of Puerto Rico as an opportunity zone.

Last Action: 3/10/2021

Actions

2021-03-10Referred to the House Committee on Ways and Means.
2021-03-10Introduced in House
2021-03-10Introduced in House

CRS Summary

As of 2021-03-10 (00)

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.

Subjects

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

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