HR 6529
116th Congress
House
Taxation
Business investment and capital
Capital gains tax
Cardiovascular and respiratory health
Economic development
Economic performance and conditions
Emergency medical services and trauma care
Income tax deferral
Income tax rates
Infectious and parasitic diseases
Small business
COVID-19-Impacted Small Business Opportunity Zone Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 17, 2020
Referred to the House Committee on Ways and Means.
Apr 17, 2020
Introduced in House
Plain-English summary
COVID-19-Impacted Small Business Opportunity Zone Act
This bill designates certain small businesses affected by COVID-19 (i.e., coronavirus disease 2019) as qualified opportunity zone businesses. This designation makes certain tax benefits, including favorable capital gains treatment, available to affected businesses that have experienced supply chain disruptions, staffing challenges, decrease in sales or customers, or partial or full suspension of business.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1