US HB7262 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 10-0)
Status: Introduced on June 18 2020 - 25% progression, died in committee
Action: 2020-06-18 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 18 2020 - 25% progression, died in committee
Action: 2020-06-18 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Includes within the definition of qualified opportunity zone business any community development financial institution. This allows qualified opportunity funds to invest in such institutions.
Title
Community Development in Opportunity Zones Act of 2020
Sponsors
Rep. Gregory Meeks [D-NY] | Rep. Mike Quigley [D-IL] | Rep. Emanuel Cleaver [D-MO] | Rep. Al Green [D-TX] |
Rep. Tony Cardenas [D-CA] | Rep. Anna Eshoo [D-CA] | Rep. Ruben Gallego [D-AZ] | Rep. Charlie Crist [D-FL] |
Rep. Luis Correa [D-CA] | Rep. Nanette Barragan [D-CA] |
History
Date | Chamber | Action |
---|---|---|
2020-06-18 | House | Referred to the House Committee on Ways and Means. |
2020-06-18 | House | Introduced in House |
Subjects
Bank accounts, deposits, capital
Banking and financial institutions regulation
Business investment and capital
Economic development
Income tax deferral
Income tax exclusion
Taxation
Banking and financial institutions regulation
Business investment and capital
Economic development
Income tax deferral
Income tax exclusion
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/7262/all-info |
Text | https://www.congress.gov/116/bills/hr7262/BILLS-116hr7262ih.pdf |