H.R. 3906 · 118th Congress
Rural Opportunity Zone and Investment Act
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
FergusonSponsor4 cosponsors · 4 R
3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill provides for the deferral of tax until December 31, 2032, on capital gains invested in qualified rural opportunity zones. A q ualified rural opportunity zone is any population census tract that is located in a rural county and is in persistent poverty.
What it does: CRS summary · Introduced in House · Jun 7, 2023
Rural Opportunity Zone and Investment Act
This bill provides for the deferral of tax until December 31, 2032, on capital gains invested in qualified rural opportunity zones. A qualified rural opportunity zone is any population census tract that is located in a rural county and is in persistent poverty.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Rural Opportunity Zone and Investment Act
Latest action (Jun 7, 2023): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Jun 7, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.