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COVID-19-Impacted Small Business Opportunity Zone Act

USA116th CongressHR-6529| House 
| Updated: 4/17/2020
John R. Curtis

John R. Curtis

Republican Representative

Utah

Cosponsors (2)
Henry Cuellar (Democratic)Debbie Lesko (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
COVID-19-Impacted Small Business Opportunity Zone Act This bill designates certain small businesses affected by COVID-19 (i.e., coronavirus disease 2019) as qualified opportunity zone businesses. This designation makes certain tax benefits, including favorable capital gains treatment, available to affected businesses that have experienced supply chain disruptions, staffing challenges, decrease in sales or customers, or partial or full suspension of business.
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Timeline
Apr 17, 2020
Introduced in House
Apr 17, 2020
Referred to the House Committee on Ways and Means.
  • April 17, 2020
    Introduced in House
  • April 17, 2020
    Referred to the House Committee on Ways and Means.

Taxation

Business investment and capitalCapital gains taxCardiovascular and respiratory healthEconomic developmentEconomic performance and conditionsEmergency medical services and trauma careIncome tax deferralIncome tax ratesInfectious and parasitic diseasesSmall business

COVID-19-Impacted Small Business Opportunity Zone Act

USA116th CongressHR-6529| House 
| Updated: 4/17/2020
COVID-19-Impacted Small Business Opportunity Zone Act This bill designates certain small businesses affected by COVID-19 (i.e., coronavirus disease 2019) as qualified opportunity zone businesses. This designation makes certain tax benefits, including favorable capital gains treatment, available to affected businesses that have experienced supply chain disruptions, staffing challenges, decrease in sales or customers, or partial or full suspension of business.
View Full Text

Suggested Questions

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

Timeline
Apr 17, 2020
Introduced in House
Apr 17, 2020
Referred to the House Committee on Ways and Means.
  • April 17, 2020
    Introduced in House
  • April 17, 2020
    Referred to the House Committee on Ways and Means.
John R. Curtis

John R. Curtis

Republican Representative

Utah

Cosponsors (2)
Henry Cuellar (Democratic)Debbie Lesko (Republican)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business investment and capitalCapital gains taxCardiovascular and respiratory healthEconomic developmentEconomic performance and conditionsEmergency medical services and trauma careIncome tax deferralIncome tax ratesInfectious and parasitic diseasesSmall business