To amend the Internal Revenue Code of 1986 to allow certain areas affected by certain Federally declared disasters to be designated as opportunity zones.
USA115th CongressHR-7242| House
| Updated: 12/10/2018
Mark Meadows
Republican Representative
North Carolina
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Disaster Recovery and Opportunity Act of 2018 This bill amends the Internal Revenue Code to allow the chief executive officer (e.g., governor) of a state to designate certain population census tracts in areas related to federally declared disasters as opportunity zones. This makes investments in the areas eligible for various tax incentives.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Capital gains taxDisaster relief and insuranceEconomic development
To amend the Internal Revenue Code of 1986 to allow certain areas affected by certain Federally declared disasters to be designated as opportunity zones.
USA115th CongressHR-7242| House
| Updated: 12/10/2018
Disaster Recovery and Opportunity Act of 2018 This bill amends the Internal Revenue Code to allow the chief executive officer (e.g., governor) of a state to designate certain population census tracts in areas related to federally declared disasters as opportunity zones. This makes investments in the areas eligible for various tax incentives.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Mark Meadows
Republican Representative
North Carolina
Ways and Means Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Capital gains taxDisaster relief and insuranceEconomic development