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    <number>5252</number>
    <updateDate>2022-10-28T01:46:10Z</updateDate>
    <updateDateIncludingText>2022-10-28T01:46:10Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <type>HR</type>
    <introducedDate>2019-11-22</introducedDate>
    <congress>116</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 165, Number 188 (Friday, November 22, 2019)][House]From the Congressional Record Online through the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]By Ms. TLAIB:H.R. 5252.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1[Page H9175]</pre>]]></constitutionalAuthorityStatementText>
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        <name>Ways and Means Committee</name>
        <chamber>House</chamber>
        <type>Standing</type>
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            <name>Referred to</name>
            <date>2019-11-22T18:32:05Z</date>
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    <actions>
      <item>
        <actionDate>2019-12-05</actionDate>
        <text>Sponsor introductory remarks on measure. (CR H9286)</text>
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          <name>Library of Congress</name>
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      <item>
        <actionDate>2019-11-22</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
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        <actionCode>H11100</actionCode>
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          <name>House floor actions</name>
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            <systemCode>hswm00</systemCode>
            <name>Ways and Means Committee</name>
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        <actionDate>2019-11-22</actionDate>
        <text>Introduced in House</text>
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        <actionDate>2019-11-22</actionDate>
        <text>Introduced in House</text>
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          <name>Library of Congress</name>
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    <sponsors>
      <item>
        <bioguideId>T000481</bioguideId>
        <fullName>Rep. Tlaib, Rashida [D-MI-13]</fullName>
        <firstName>Rashida</firstName>
        <lastName>Tlaib</lastName>
        <party>D</party>
        <state>MI</state>
        <district>13</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>J000298</bioguideId>
        <fullName>Rep. Jayapal, Pramila [D-WA-7]</fullName>
        <firstName>Pramila</firstName>
        <lastName>Jayapal</lastName>
        <party>D</party>
        <state>WA</state>
        <district>7</district>
        <sponsorshipDate>2019-11-22</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Business investment and capital</name>
        </item>
        <item>
          <name>Economic development</name>
        </item>
        <item>
          <name>Income tax deferral</name>
        </item>
        <item>
          <name>Income tax exclusion</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2019-11-22</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2019-12-12T14:32:28Z</updateDate>
        <text><![CDATA[ <p>This bill repeals the investment tax incentive known as qualified opportunity zones on the day after the enactment date of this bill and also repeals the special basis rule for investments in such zones held for at least 10 years. </p>]]></text>
      </summary>
    </summaries>
    <title>To amend the Internal Revenue Code of 1986 to repeal opportunity zones.</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>To amend the Internal Revenue Code of 1986 to repeal opportunity zones.</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Internal Revenue Code of 1986 to repeal opportunity zones.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
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      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in House</type>
        <date>2019-11-22T05:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-116hr5252ih/xml/BILLS-116hr5252ih.xml</url>
          </item>
        </formats>
      </item>
    </textVersions>
    <latestAction>
      <actionDate>2019-12-05</actionDate>
      <text>Sponsor introductory remarks on measure. (CR H9286)</text>
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    <dc:language>EN</dc:language>
    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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