To amend the Internal Revenue Code of 1986 to modify the opportunity zone tax incentives.
COVID-19-Impacted Small Business Opportunity Zone Act
This bill designates certain small businesses affected by COVID-19 (i.e., coronavirus disease 2019) as qualified opportunity zone businesses. This designation makes certain tax benefits, including favorable capital gains treatment, available to affected businesses that have experienced supply chain disruptions, staffing challenges, decrease in sales or customers, or partial or full suspension of business.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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