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H.R. 6513House116th Congress (2019-2021)In Committee

To defer the year of inclusion for certain capital gains invested in a qualified opportunity fund.

Sponsored by Denver RigglemanRep. Denver Riggleman (R-VA)
Introduced April 14, 2020

AI-Generated Summary

Updated April 14, 2026 at 11:50 AM UTC

This bill extends the deadline for taxpayers to defer taxes on capital gains that they invest in qualified opportunity funds. The deferral period, which previously ended on December 31, 2026, is moved to December 31, 2030. The change applies to tax years that begin after the bill becomes law and affects anyone who invests capital gains in opportunity zone property.

Key Provisions

  • Amends the tax code to replace the current deferral deadline of December 31, 2026 with a new deadline of December 31, 2030 for gains invested in qualified opportunity funds.

Legislative Activity

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HouseIntro Referral Latest Action

Referred to the House Committee on Ways and Means.

Ways and Means Committee

April 14, 2020

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HouseIntro Referral

Introduced in House

April 14, 2020

HouseIntro Referral

Referred to the House Committee on Ways and Means.

Ways and Means Committee

April 14, 2020

Bill Text

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Introduced in HouseIssued April 14, 2020

I

116th CONGRESS

2d Session

H. R. 6513

IN THE HOUSE OF REPRESENTATIVES

April 14, 2020

Mr. Riggleman (for himself, Mr. Reschenthaler, Mr. Ferguson, Mr. Steil, Mr. Burchett, and Mr. Tipton) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To defer the year of inclusion for certain capital gains invested in a qualified opportunity fund.

1.

Deferral of gain invested in opportunity zone property extended to 2030

(a)

In general

Section 1400Z–2(b)(1)(B) is amended by striking December 31, 2026 and inserting December 31, 2030.

(b)

Effective date

The amendments made by this section shall apply to taxable years beginning after the date of enactment of this section.