Skip to main content
H.R. 7467 117th Congress House

Opportunity Zones Improvement, Transparency, and Extension Act

Official title: To amend the Internal Revenue Code of 1986 to modify the rules relating to qualified opportunity zones, and for other purposes.

Introduced: April 7, 2022 See on congress.gov
Taxation Administrative law and regulatory proceduresCensus and government statisticsCivil actions and liabilityCongressional oversight
More subjectsShow fewer subjects
Department of the TreasuryEconomic developmentFinancial services and investmentsGovernment information and archivesGovernment studies and investigationsIntergovernmental relationsPoverty and welfare assistanceState and local financeTax administration and collection, taxpayers
Sign in to write a letter Sign in to watch
This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 7, 2022
Introduced in House
Apr 7, 2022
Referred to the House Committee on Ways and Means.
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action April 7, 2022

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Opportunity Zones Improvement, Transparency, and Extension Act

This bill revises rules and reinstates reporting requirements relating to qualified opportunity zones (economically distressed communities where new investments, under specified conditions, may be eligible for preferential tax treatment).

Specifically, the bill terminates the designation of zones that are disqualified due to median family income exceeding 130% of national median family income and permits states to identify and expand terminations of such zones.

The bill also reinstates reporting requirements for qualified opportunity zones and imposes penalties for noncompliance with such requirements, extends the opportunity zones temporary deferral period for qualifying capital gain through 2028, and establishes a State and Community Dynamism Fund to support public and private investment in qualified opportunity zones.

 Related & companion bills 1
  • S 4065 Identical bill Opportunity Zones Transparency, Extension, and Improvement Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Democratic 1 Republican 3
R
Miller, Carol D.
West Virginia · Oct 31, 2022
 R
Van Drew, Jefferson
New Jersey · Jul 27, 2022
Brown, Anthony
· May 19, 2022
 R
Kelly, Mike
Pennsylvania · Apr 7, 2022
Kildee, Daniel
· Apr 7, 2022
 D
Sewell, Terri A.
Alabama · Apr 7, 2022
Walorski, Jackie
· Apr 7, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7467: Opportunity Zones Improvement, Transparency, and Extension Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-7467/
MLA
"H.R. 7467: Opportunity Zones Improvement, Transparency, and Extension Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-7467/.
Bluebook (legal)
H.R. 7467, 117th Cong. (2026), https://openamerica.io/bill/117-HR-7467/.
Markdown link
[H.R. 7467: Opportunity Zones Improvement, Transparency, and Extension Act](https://openamerica.io/bill/117-HR-7467/)
Report a problem