This bill removes conditions on the designation of Puerto Rico as a qualified opportunity zone. In general, a qualified opportunity zone is an economically-distressed community where new investment may be eligible for preferential tax treatment.
To designate all of Puerto Rico as an opportunity zone.
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Business investment and capitalCapital gains taxEconomic developmentIncome tax deferralIncome tax exclusionPuerto RicoU.S. territories and protectorates
To designate all of Puerto Rico as an opportunity zone.
USA118th CongressHR-378| House
| Updated: 1/17/2023
This bill removes conditions on the designation of Puerto Rico as a qualified opportunity zone. In general, a qualified opportunity zone is an economically-distressed community where new investment may be eligible for preferential tax treatment.
Business investment and capitalCapital gains taxEconomic developmentIncome tax deferralIncome tax exclusionPuerto RicoU.S. territories and protectorates