HR 970
117th Congress
House
Taxation
Business investment and capital
Capital gains tax
Economic development
Income tax deferral
Income tax rates
Opportunity Zone Extension Act of 2021
Introduced: February 11, 2021
Introduced by:
Burchett, Tim
Republican
· Tennessee
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 11, 2021
Referred to the House Committee on Ways and Means.
Feb 11, 2021
Introduced in House
Plain-English summary
This bill extends for two years the election and capital gain deferral periods for qualified opportunity zones. An opportunity zone is an economically-distressed community where private investments, under certain conditions, may be eligible for capital gain tax incentives.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1