HOUSE 1852116th CongressReferred to the House Committee on Ways and Means.

CAPITAL Act of 2019

Last Action: 3/21/2019

Actions

2019-03-21Referred to the House Committee on Ways and Means.
2019-03-21Introduced in House
2019-03-21Introduced in House

CRS Summary

As of 2019-03-21 (00)

Creating Advancement and Personal Improvement in Targeted American Localities Act of 2019 or the CAPITAL Act of 2019

This bill allows opportunity zones to be designated every 10 years. (Opportunity zones are certain low-income areas in which various tax incentives are available for investments in the zones. Under current law, the existing designations expire after 10 years, and no additional designations are permitted.)

Cosponsors (1)

Paul Gosar (R-AZ)

Subjects

Business investment and capital
Census and government statistics
Economic development
Housing and community development funding
Income tax deferral
Income tax exclusion

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