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To amend the Internal Revenue Code of 1986 to provide for designation of qualified opportunity zones every 10 years.

USA115th CongressHR-6890| House 
| Updated: 9/25/2018
Mark Meadows

Mark Meadows

Republican Representative

North Carolina

Cosponsors (7)
Doug LaMalfa (Republican)Scott DesJarlais (Republican)David G. Valadao (Republican)Matt Gaetz (Republican)Randy K. Sr. Weber (Republican)Ralph Norman (Republican)Cathy McMorris Rodgers (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Creating Advancement and Personal Improvement in Targeted American Localities Act of 2018 or the CAPITAL Act of 2018 This bill amends the Internal Revenue Code to allow opportunity zones to be designated every 10 years. (Opportunity zones are certain low-income areas in which various tax incentives are available for investments in the zones. Under current law, the existing designations expire after 10 years, and no additional designations are permitted.)
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Timeline
Sep 25, 2018
Introduced in House
Sep 25, 2018
Referred to the House Committee on Ways and Means.
  • September 25, 2018
    Introduced in House
  • September 25, 2018
    Referred to the House Committee on Ways and Means.

Taxation

Business investment and capitalCensus and government statisticsEconomic developmentHousing and community development fundingIncome tax deferralIncome tax exclusion

To amend the Internal Revenue Code of 1986 to provide for designation of qualified opportunity zones every 10 years.

USA115th CongressHR-6890| House 
| Updated: 9/25/2018
Creating Advancement and Personal Improvement in Targeted American Localities Act of 2018 or the CAPITAL Act of 2018 This bill amends the Internal Revenue Code to allow opportunity zones to be designated every 10 years. (Opportunity zones are certain low-income areas in which various tax incentives are available for investments in the zones. Under current law, the existing designations expire after 10 years, and no additional designations are permitted.)
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Sep 25, 2018
Introduced in House
Sep 25, 2018
Referred to the House Committee on Ways and Means.
  • September 25, 2018
    Introduced in House
  • September 25, 2018
    Referred to the House Committee on Ways and Means.
Mark Meadows

Mark Meadows

Republican Representative

North Carolina

Cosponsors (7)
Doug LaMalfa (Republican)Scott DesJarlais (Republican)David G. Valadao (Republican)Matt Gaetz (Republican)Randy K. Sr. Weber (Republican)Ralph Norman (Republican)Cathy McMorris Rodgers (Republican)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business investment and capitalCensus and government statisticsEconomic developmentHousing and community development fundingIncome tax deferralIncome tax exclusion