H.R.5082: Investing in Opportunity Act

About This Bill

  • Introduced April 27, 2016
  • Latest Major Action April 27, 2016

Bill Sponsor

Bill Summary

Investing in Opportunity Act This bill amends the Internal Revenue Code to authorize the designation of opportunity zones in low-income communities and to provide tax incentives for investments in the zones, including deferring the recognition of capital gains that are reinvested in the zones. Governors may submit nominations for a limited number of opportunity zones to the Department of the Treasury for certification and designation....

(Source: Library of Congress)

Bill Actions

Date Description
April 27, 2016
Referred to the House Committee on Ways and Means.
April 27, 2016

Introduced in the House by Pat Tiberi (R-Ohio)

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