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H.R. 5761 118th Congress House

Opportunity Zones Transparency, Extension, and Improvement 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: September 27, 2023 Introduced by: Mike Kelly Republican · Pennsylvania See on congress.gov
Taxation
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Sep 27, 2023
Referred to the House Committee on Ways and Means.
Sep 27, 2023
Introduced in House
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 Latest action September 27, 2023

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Opportunity Zones Transparency, Extension, and Improvement 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
  • HR 10009 Revitalizing America’s Housing Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 10

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

Bodies those filers lobbied

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 Cosponsors 15
All 15 Democratic 1 Republican 13
R
Feenstra, Randy
Iowa · Nov 21, 2024
 R
Houchin, Erin
Indiana · Jun 13, 2024
 R
Carey, Mike
Ohio · May 22, 2024
 R
Moore, Blake D.
Utah · Mar 19, 2024
 R
Van Duyne, Beth
Texas · Mar 19, 2024
 R
LaHood, Darin
Illinois · Mar 8, 2024
 R
Kustoff, David
Tennessee · Dec 7, 2023
 R
Buchanan, Vern
Florida · Nov 9, 2023
 R
Malliotakis, Nicole
New York · Nov 9, 2023
 R
Reschenthaler, Guy
Pennsylvania · Nov 9, 2023
 R
Van Drew, Jefferson
New Jersey · Nov 9, 2023
 R
Tenney, Claudia
New York · Oct 6, 2023
Kildee, Daniel
· Sep 27, 2023
 R
Miller, Carol D.
West Virginia · Sep 27, 2023
 D
Sewell, Terri A.
Alabama · Sep 27, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5761: Opportunity Zones Transparency, Extension, and Improvement Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-5761/
MLA
"H.R. 5761: Opportunity Zones Transparency, Extension, and Improvement Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-5761/.
Bluebook (legal)
H.R. 5761, 118th Cong. (2026), https://openamerica.io/bill/118-HR-5761/.
Markdown link
[H.R. 5761: Opportunity Zones Transparency, Extension, and Improvement Act](https://openamerica.io/bill/118-HR-5761/)
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