US SB1344 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on May 7 2019 - 25% progression, died in committee
Action: 2019-05-07 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 7 2019 - 25% progression, died in committee
Action: 2019-05-07 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Requires the Department of the Treasury to collect data and report to Congress on investments held by qualified opportunity funds. Treasury must also make certain information regarding the investments publicly available. Qualified opportunity funds are investment vehicles that are organized as either a partnership or a corporation and receive tax benefits for investing in certain low-income communities that have been designated as opportunity zones.
Title
A bill to require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes.
Sponsors
| Sen. Cory Booker [D-NJ] | Sen. Tim Scott [R-SC] | Sen. Todd Young [R-IN] | Sen. Margaret Hassan [D-NH] |
| Sen. John Hoeven [R-ND] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-05-07 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB2593 (Same As) 2019-05-08 - Referred to the House Committee on Ways and Means.
Subjects
Business investment and capital
Business records
Congressional oversight
Department of the Treasury
Economic development
Government information and archives
Government studies and investigations
Right of privacy
State and local finance
Taxation
Business records
Congressional oversight
Department of the Treasury
Economic development
Government information and archives
Government studies and investigations
Right of privacy
State and local finance
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/1344/all-info |
| Text | https://www.congress.gov/116/bills/s1344/BILLS-116s1344is.pdf |
