3.0.0 5011 2022-11-01T05:02:34Z 2022-11-01T05:02:34Z House HR 2019-11-08 116 [Congressional Record Volume 165, Number 179 (Friday, November 8, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. KIND:H.R. 5011.Congress has the power to enact this legislation pursuantto the following:Clause 1 of Section 8 of Article I of the U.S. Constitution[Page H8740]]]> hswm00 Ways and Means Committee House Standing Referred to 2019-11-08T18:03:35Z 2019-11-08 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-11-08 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-11-08 Introduced in House IntroReferral 1000 9 Library of Congress K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 N K000376 Rep. Kelly, Mike [R-PA-16] Mike Kelly R PA 16 2019-11-08 True S001185 Rep. Sewell, Terri A. [D-AL-7] Terri Sewell D AL A. 7 2019-11-08 True C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2019-11-12 False S001201 Rep. Suozzi, Thomas R. [D-NY-3] Thomas Suozzi D NY R. 3 2019-11-12 False B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2019-11-19 False R000515 Rep. Rush, Bobby L. [D-IL-1] BOBBY RUSH D IL L. 1 2019-11-19 False K000381 Rep. Kilmer, Derek [D-WA-6] Derek Kilmer D WA 6 2019-11-26 False K000380 Rep. Kildee, Daniel T. [D-MI-5] Daniel Kildee D MI T. 5 2020-01-13 False Taxation Business records Civil actions and liability Economic development Economic performance and conditions Financial services and investments Government information and archives Securities Taxation 00 2019-11-08 Introduced in House 2019-12-03T20:15:27Z Opportunity Zone Accountability and Transparency Act

This bill requires a qualified opportunity fund to file an annual return containing certain information, including (1) the name, address, and tax identification number of the fund; (2) certification that the purpose of the fund is investment in qualified opportunity zone property, and (3) the total assets held by the fund in the reporting period. The return must also provide similar information for opportunity zone corporations and partnerships and real property used in an opportunity zone business. The bill provides for a penalty for the failure of a fund to file a correct information return.

]]> Opportunity Zone Accountability and Transparency Act Display Title Opportunity Zone Accountability and Transparency Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to require reporting by qualified opportunity funds. Introduced in House IH Short Title(s) as Introduced Opportunity Zone Accountability and Transparency Act Introduced in House IH Introduced in House 2019-11-08T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr5011ih/xml/BILLS-116hr5011ih.xml 2019-11-08 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.