3.0.0 1852 2022-11-01T18:17:22Z 2022-11-01T18:17:22Z House HR 2019-03-21 116 [Congressional Record Volume 165, Number 50 (Thursday, March 21, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MEADOWS:H.R. 1852.Congress has the power to enact this legislation pursuantto the following:Aritcle I, Section 8, Clause 1: The Congress shall havePower To lay and collect Taxes, Duties, Imposts and Excises,to pay the Debts and provide for the common Defence andgeneral Welfare of the United States;[Page H2762]]]> hswm00 Ways and Means Committee House Standing Referred to 2019-03-21T18:03:35Z 2019-03-21 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-03-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-03-21 Introduced in House IntroReferral 1000 9 Library of Congress M001187 Rep. Meadows, Mark [R-NC-11] Mark Meadows R NC 11 N G000565 Rep. Gosar, Paul A. [R-AZ-4] Paul Gosar R AZ A. 4 2019-08-02 False Taxation Business investment and capital Census and government statistics Economic development Housing and community development funding Income tax deferral Income tax exclusion Taxation 00 2019-03-21 Introduced in House 2019-04-10T21:33:29Z Creating Advancement and Personal Improvement in Targeted American Localities Act of 2019 or the CAPITAL Act of 2019

This bill allows opportunity zones to be designated every 10 years. (Opportunity zones are certain low-income areas in which various tax incentives are available for investments in the zones. Under current law, the existing designations expire after 10 years, and no additional designations are permitted.)

]]> CAPITAL Act of 2019 Display Title CAPITAL Act of 2019 Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide for designation of qualified opportunity zones every 10 years. Introduced in House IH Short Title(s) as Introduced CAPITAL Act of 2019 Introduced in House IH Short Title(s) as Introduced Creating Advancement and Personal Improvement in Targeted American Localities Act of 2019 Introduced in House IH Introduced in House 2019-03-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr1852ih/xml/BILLS-116hr1852ih.xml 2019-03-21 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.