US HB6529 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on April 17 2020 - 25% progression, died in committee
Action: 2020-04-17 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 17 2020 - 25% progression, died in committee
Action: 2020-04-17 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
COVID-19-Impacted Small Business Opportunity Zone Act
Sponsors
| Rep. John Curtis [R-UT] | Rep. Henry Cuellar [D-TX] | Rep. Debbie Lesko [R-AZ] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-04-17 | House | Referred to the House Committee on Ways and Means. |
| 2020-04-17 | House | Introduced in House |
Subjects
Business investment and capital
Capital gains tax
Cardiovascular and respiratory health
Economic development
Economic performance and conditions
Emergency medical services and trauma care
Income tax deferral
Income tax rates
Infectious and parasitic diseases
Small business
Taxation
Capital gains tax
Cardiovascular and respiratory health
Economic development
Economic performance and conditions
Emergency medical services and trauma care
Income tax deferral
Income tax rates
Infectious and parasitic diseases
Small business
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/6529/all-info |
| Text | https://www.congress.gov/116/bills/hr6529/BILLS-116hr6529ih.pdf |
