To amend the Internal Revenue Code of 1986 to allow certain Federally declared disaster areas to be designated as opportunity zones for purposes of economic development and recovery.
Disaster Recovery and Opportunity Act of 2019
This bill allows the chief executive officer (e.g., governor) of a state to designate certain population census tracts in areas related to federally declared disasters as opportunity zones. This makes investments in the areas eligible for various tax incentives.
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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