House Bill 970
117th Congress(2021-2022)
Opportunity Zone Extension Act of 2021
Introduced
Introduced in House on Feb 11, 2021
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
970
Congress
117
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 extends for two years the election and capital gain deferral periods for qualified opportunity zones. An opportunity zone is an economically-distressed community where private investments, under certain conditions, may be eligible for capital gain tax incentives.
February 11, 2021
02/11/2021
Referred to the House Committee on Ways and Means.
02/11/2021
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:46:48 PM