House Bill 1740
117th Congress(2021-2022)
To designate all of Puerto Rico as an opportunity zone.
Introduced
Introduced in House on Mar 10, 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
1740
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 removes conditions on the designation of Puerto Rico as a qualified opportunity zone. In general, a qualified opportunity zone is an economically-distressed community where new investment may be eligible for preferential tax treatment.
March 10, 2021
03/10/2021
Referred to the House Committee on Ways and Means.
03/10/2021
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:48:21 PM