Legis Daily

Community Development in Opportunity Zones Act of 2020

USA116th CongressHR-7262| House 
| Updated: 6/18/2020
Gregory W. Meeks

Gregory W. Meeks

Democratic Representative

New York

Cosponsors (9)
Ruben Gallego (Democratic)Emanuel Cleaver (Democratic)J. Luis Correa (Democratic)Tony Cárdenas (Democratic)Al Green (Democratic)Anna G. Eshoo (Democratic)Mike Quigley (Democratic)Charlie Crist (Democratic)Nanette Diaz Barragán (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Community Development in Opportunity Zones Act of 2020 This bill includes within the definition of qualified opportunity zone business any community development financial institution. This allows qualified opportunity funds to invest in such institutions.
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Timeline
Jun 18, 2020
Introduced in House
Jun 18, 2020
Referred to the House Committee on Ways and Means.
  • June 18, 2020
    Introduced in House
  • June 18, 2020
    Referred to the House Committee on Ways and Means.

Taxation

Bank accounts, deposits, capitalBanking and financial institutions regulationBusiness investment and capitalEconomic developmentIncome tax deferralIncome tax exclusion

Community Development in Opportunity Zones Act of 2020

USA116th CongressHR-7262| House 
| Updated: 6/18/2020
Community Development in Opportunity Zones Act of 2020 This bill includes within the definition of qualified opportunity zone business any community development financial institution. This allows qualified opportunity funds to invest in such institutions.
View Full Text

Suggested Questions

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

Timeline
Jun 18, 2020
Introduced in House
Jun 18, 2020
Referred to the House Committee on Ways and Means.
  • June 18, 2020
    Introduced in House
  • June 18, 2020
    Referred to the House Committee on Ways and Means.
Gregory W. Meeks

Gregory W. Meeks

Democratic Representative

New York

Cosponsors (9)
Ruben Gallego (Democratic)Emanuel Cleaver (Democratic)J. Luis Correa (Democratic)Tony Cárdenas (Democratic)Al Green (Democratic)Anna G. Eshoo (Democratic)Mike Quigley (Democratic)Charlie Crist (Democratic)Nanette Diaz Barragán (Democratic)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalBanking and financial institutions regulationBusiness investment and capitalEconomic developmentIncome tax deferralIncome tax exclusion