House Bill 5252
116th Congress(2019-2020)
To amend the Internal Revenue Code of 1986 to repeal opportunity zones.
Introduced
Introduced in House on Nov 22, 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
5252
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.
No House votes have been held for this bill.
Summary
This bill repeals the investment tax incentive known as qualified opportunity zones on the day after the enactment date of this bill and also repeals the special basis rule for investments in such zones held for at least 10 years.
November 22, 2019
12/05/2019
Sponsor introductory remarks on measure. (CR H9286)
11/22/2019
Referred to the House Committee on Ways and Means.
11/22/2019
Introduced in House
Public Record
Record Updated
Oct 28, 2022 1:46:10 AM