H.R. 6513

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

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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.