To require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes.
- Last Action
- 5/8/2019
Actions
- 2019-05-08Referred to the House Committee on Ways and Means.
- 2019-05-08Introduced in House
- 2019-05-08Introduced in House
CRS Summary
As of 2019-05-08 (00)
This bill requires the Department of the Treasury to collect data and report to Congress on investments held by qualified opportunity funds. Treasury must also make certain information regarding the investments publicly available. Qualified opportunity funds are investment vehicles that are organized as either a partnership or a corporation and receive tax benefits for investing in certain low-income communities that have been designated as opportunity zones.
Cosponsors (10)
- Mike Kelly (R-PA)
- Terri Sewell (D-AL)
- Filemon Vela (D-TX)
- Brad Wenstrup (R-OH)
- ADAM SMITH (D-WA)
- TIM RYAN (D-OH)
- DAVID PRICE (D-NC)
- Jackie Walorski (R-IN)
- Kendra Horn (D-OK)
- Carol Miller (R-WV)
Subjects
- Business investment and capital
- Business records
- Congressional oversight
- Department of the Treasury
- Economic development
- Government information and archives
- Government studies and investigations
- Right of privacy
- State and local finance
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.