HR 4608
117th Congress
House
Taxation
Business investment and capital
Census and government statistics
Economic development
Housing and community development funding
Income tax deferral
Income tax exclusion
Growth and Opportunities Act of 2021
Introduced: July 21, 2021
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 21, 2021
Referred to the House Committee on Ways and Means.
Jul 21, 2021
Introduced in House
Plain-English summary
Growth and Opportunities Act of 2021
This bill permits qualified opportunity zones to be designated every 10 years. A qualified opportunity zone is an economically distressed or low-income area in which tax incentives are available to promote investment. Under current law, the existing zone designations expire after 10 years, and no additional designations are allowed.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1