US HB2593 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 7-4)
Status: Introduced on May 8 2019 - 25% progression, died in committee
Action: 2019-05-08 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 8 2019 - 25% progression, died in committee
Action: 2019-05-08 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Requires the Department of the Treasury to collect data and report to Congress on investments held by qualified opportunity funds. Treasury must also make certain information regarding the investments publicly available. Qualified opportunity funds are investment vehicles that are organized as either a partnership or a corporation and receive tax benefits for investing in certain low-income communities that have been designated as opportunity zones.
Title
To require the Secretary of the Treasury to collect data and issue a report on the opportunity zone tax incentives enacted by the 2017 tax reform legislation, and for other purposes.
Sponsors
Rep. Ron Kind [D-WI] | Rep. Mike Kelly [R-PA] | Rep. Terri Sewell [D-AL] | Rep. Filemon Vela [D-TX] |
Rep. Brad Wenstrup [R-OH] | Rep. Adam Smith [D-WA] | Rep. Tim Ryan [D-OH] | Rep. David Price [D-NC] |
Rep. Jackie Walorski [R-IN] | Rep. Kendra Horn [D-OK] | Rep. Carol Miller [R-WV] |
History
Date | Chamber | Action |
---|---|---|
2019-05-08 | House | Referred to the House Committee on Ways and Means. |
2019-05-08 | House | Introduced in House |
Same As/Similar To
SB1344 (Same As) 2019-05-07 - Read twice and referred to the Committee on Finance.
Subjects
Business investment and capital
Business records
Congressional oversight
Department of the Treasury
Economic development
Government information and archives
Government studies and investigations
Right of privacy
State and local finance
Taxation
Business records
Congressional oversight
Department of the Treasury
Economic development
Government information and archives
Government studies and investigations
Right of privacy
State and local finance
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/2593/all-info |
Text | https://www.congress.gov/116/bills/hr2593/BILLS-116hr2593ih.pdf |