To amend the Internal Revenue Code of 1986 to establish special rules for capital gains invested in rural opportunity zones.
Rural Opportunity Zone and Investment Act
This bill provides for the deferral of tax until December 31, 2032, on capital gains invested in qualified rural opportunity zones. A qualified rural opportunity zone is any population census tract that is located in a rural county and is in persistent poverty.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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