To amend the Internal Revenue Code of 1986 to provide for designation of qualified opportunity zones every 10 years.
Growth and Opportunities Act of 2021
This bill permits qualified opportunity zones to be designated every 10 years. A qualified opportunity zone is an economically distressed or low-income area in which tax incentives are available to promote investment. Under current law, the existing zone designations expire after 10 years, and no additional designations are allowed.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line