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S 1000 116th Congress Senate Taxation Business investment and capital California Capital gains tax Disaster relief and insurance Economic development Fires Florida Forests, forestry, trees Georgia Income tax deferral Natural disasters North Carolina Poverty and welfare assistance South Carolina Virginia

Disaster Opportunity Zones Act

Introduced: April 3, 2019 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 3, 2019
Read twice and referred to the Committee on Finance.
Apr 3, 2019
Introduced in Senate
 Plain-English summary Congressional Research Service

Disaster Opportunity Zones Act

This bill allows a certain number of population census tracts comprising a low-income community within a qualified disaster zone to be designated as additional opportunity zones.

An opportunity zone is an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment.

Currently, opportunity zones have been designated in parts of all 50 states, the District of Columbia, and five U.S. territories.

The bill defines qualified disaster zone as that portion of the Hurricane Florence disaster area; the Hurricane Michael disaster area; the Mendocino and Carr wildfire disaster area; and the Camp, Woolsey, and Hill wildfire disaster area that is determined by the President to warrant federal government assistance.

What's happening now April 3, 2019

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1