To defer the year of inclusion for certain capital gains invested in a qualified opportunity fund.
USA116th CongressHR-6513| House
| Updated: 4/14/2020
Denver Riggleman
Republican Representative
Virginia
Cosponsors (5)
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This bill defers for four years the tax on gain from investment in opportunity zone property. Opportunity zone property is property located in low-income communities for which certain tax incentives are provided, including deferral of the recognition of capital gains.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Business investment and capitalCapital gains taxEconomic developmentIncome tax deferral
To defer the year of inclusion for certain capital gains invested in a qualified opportunity fund.
USA116th CongressHR-6513| House
| Updated: 4/14/2020
This bill defers for four years the tax on gain from investment in opportunity zone property. Opportunity zone property is property located in low-income communities for which certain tax incentives are provided, including deferral of the recognition of capital gains.
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.
Denver Riggleman
Republican Representative
Virginia
Cosponsors (5)
Ways and Means Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Business investment and capitalCapital gains taxEconomic developmentIncome tax deferral