HR 6513
116th Congress
House
Taxation
Business investment and capital
Capital gains tax
Economic development
Income tax deferral
To defer the year of inclusion for certain capital gains invested in a qualified opportunity fund.
Introduced: April 14, 2020
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 14, 2020
Referred to the House Committee on Ways and Means.
Apr 14, 2020
Introduced in House
Plain-English summary
This bill defers for four years the tax on gain from investment in opportunity zone property. Opportunity zone property is property located in low-income communities for which certain tax incentives are provided, including deferral of the recognition of capital gains.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1