Legis Daily

Opportunity Zones Enhancement Act of 2023

USA118th CongressHR-4055| House 
| Updated: 6/13/2023
Andy Barr

Andy Barr

Republican Representative

Kentucky

Cosponsors (1)
Juan Ciscomani (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Opportunity Zones Enhancement Act of 2023 This bill excludes from gross income, for income tax purposes, certain amounts of interest received by a depository institution on any loan to a qualified opportunity zone business (businesses located in economically-distressed communities that may qualify for preferential tax treatment, such as capital gains tax avoidance).
View Full Text

Suggested Questions

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

Timeline
Jun 13, 2023
Introduced in House
Jun 13, 2023
Referred to the House Committee on Ways and Means.
  • June 13, 2023
    Introduced in House


  • June 13, 2023
    Referred to the House Committee on Ways and Means.

Taxation

Opportunity Zones Enhancement Act of 2023

USA118th CongressHR-4055| House 
| Updated: 6/13/2023
Opportunity Zones Enhancement Act of 2023 This bill excludes from gross income, for income tax purposes, certain amounts of interest received by a depository institution on any loan to a qualified opportunity zone business (businesses located in economically-distressed communities that may qualify for preferential tax treatment, such as capital gains tax avoidance).
View Full Text

Suggested Questions

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

Timeline
Jun 13, 2023
Introduced in House
Jun 13, 2023
Referred to the House Committee on Ways and Means.
  • June 13, 2023
    Introduced in House


  • June 13, 2023
    Referred to the House Committee on Ways and Means.
Andy Barr

Andy Barr

Republican Representative

Kentucky

Cosponsors (1)
Juan Ciscomani (Republican)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted