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HR 7242 115th Congress House

Disaster Recovery and Opportunity Act of 2018

Official title: To amend the Internal Revenue Code of 1986 to allow certain areas affected by certain Federally declared disasters to be designated as opportunity zones.

Introduced: December 10, 2018 See on congress.gov
Taxation Capital gains taxDisaster relief and insuranceEconomic development
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 10, 2018
Referred to the House Committee on Ways and Means.
Dec 10, 2018
Introduced in House
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 Latest action December 10, 2018

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Disaster Recovery and Opportunity Act of 2018

This bill amends the Internal Revenue Code to allow the chief executive officer (e.g., governor) of a state to designate certain population census tracts in areas related to federally declared disasters as opportunity zones. This makes investments in the areas eligible for various tax incentives.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7242: Disaster Recovery and Opportunity Act of 2018. 115th Congress. Open America. https://openamerica.io/bill/115-HR-7242/
MLA
"H.R. 7242: Disaster Recovery and Opportunity Act of 2018." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-7242/.
Bluebook (legal)
H.R. 7242, 115th Cong. (2026), https://openamerica.io/bill/115-HR-7242/.
Markdown link
[H.R. 7242: Disaster Recovery and Opportunity Act of 2018](https://openamerica.io/bill/115-HR-7242/)
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