Bill Sponsor
House Bill 4999
116th Congress(2019-2020)
To amend the Internal Revenue Code of 1986 to require fairness and diversity in opportunity zone investment.
Introduced
Introduced
Introduced in House on Nov 8, 2019
Overview
Text
Introduced
Nov 8, 2019
Latest Action
Nov 8, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4999
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Sponsorship by Party
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

This bill amends the Internal Revenue Code, with respect to opportunity zones, to require a qualified opportunity fund to have an investment advisory board and meet certain investment diversity and affordable housing investment requirements. The fund must also report to the congressional tax committees on how investments in opportunity zones will affect different racial and ethnic groups within the zones.

Text (1)
November 8, 2019
Actions (2)
11/08/2019
Referred to the House Committee on Ways and Means.
11/08/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 1:02:16 AM