HR 5011
116th Congress
House
Taxation
Business records
Civil actions and liability
Economic development
Economic performance and conditions
Financial services and investments
Government information and archives
Securities
Opportunity Zone Accountability and Transparency Act
Introduced: November 8, 2019
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 8, 2019
Referred to the House Committee on Ways and Means.
Nov 8, 2019
Introduced in House
Plain-English summary
Opportunity Zone Accountability and Transparency Act
This bill requires a qualified opportunity fund to file an annual return containing certain information, including (1) the name, address, and tax identification number of the fund; (2) certification that the purpose of the fund is investment in qualified opportunity zone property, and (3) the total assets held by the fund in the reporting period. The return must also provide similar information for opportunity zone corporations and partnerships and real property used in an opportunity zone business. The bill provides for a penalty for the failure of a fund to file a correct information return.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1