HR 6890
115th Congress
House
Taxation
Business investment and capital
Census and government statistics
Economic development
Housing and community development funding
Income tax deferral
Income tax exclusion
CAPITAL Act of 2018
Introduced: September 25, 2018
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 25, 2018
Referred to the House Committee on Ways and Means.
Sep 25, 2018
Introduced in House
Plain-English summary
Creating Advancement and Personal Improvement in Targeted American Localities Act of 2018 or the CAPITAL Act of 2018
This bill amends the Internal Revenue Code to allow opportunity zones to be designated every 10 years. (Opportunity zones are certain low-income areas in which various tax incentives are available for investments in the zones. Under current law, the existing designations expire after 10 years, and no additional designations are permitted.)
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1