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    <number>6513</number>
    <updateDate>2023-01-11T13:43:12Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:43:12Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <type>HR</type>
    <introducedDate>2020-04-14</introducedDate>
    <congress>116</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 166, Number 71 (Tuesday, April 14, 2020)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. RIGGLEMAN:H.R. 6513.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 3 of the U.S. Constitution[Page H1889]</pre>]]></constitutionalAuthorityStatementText>
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        <name>Ways and Means Committee</name>
        <chamber>House</chamber>
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            <name>Referred to</name>
            <date>2020-04-14T14:00:53Z</date>
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        <actionDate>2020-04-14</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
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        <actionDate>2020-04-14</actionDate>
        <text>Introduced in House</text>
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        <actionDate>2020-04-14</actionDate>
        <text>Introduced in House</text>
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          <code>9</code>
          <name>Library of Congress</name>
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    <sponsors>
      <item>
        <bioguideId>R000611</bioguideId>
        <fullName>Rep. Riggleman, Denver [R-VA-5]</fullName>
        <firstName>Denver</firstName>
        <lastName>Riggleman</lastName>
        <party>R</party>
        <state>VA</state>
        <district>5</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>R000610</bioguideId>
        <fullName>Rep. Reschenthaler, Guy [R-PA-14]</fullName>
        <firstName>Guy</firstName>
        <lastName>Reschenthaler</lastName>
        <party>R</party>
        <state>PA</state>
        <district>14</district>
        <sponsorshipDate>2020-04-14</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>F000465</bioguideId>
        <fullName>Rep. Ferguson, A. Drew, IV [R-GA-3]</fullName>
        <firstName>A.</firstName>
        <lastName>Ferguson</lastName>
        <party>R</party>
        <state>GA</state>
        <middleName>Drew</middleName>
        <district>3</district>
        <sponsorshipDate>2020-04-14</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>S001213</bioguideId>
        <fullName>Rep. Steil, Bryan [R-WI-1]</fullName>
        <firstName>Bryan</firstName>
        <lastName>Steil</lastName>
        <party>R</party>
        <state>WI</state>
        <district>1</district>
        <sponsorshipDate>2020-04-14</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>B001309</bioguideId>
        <fullName>Rep. Burchett, Tim [R-TN-2]</fullName>
        <firstName>Tim</firstName>
        <lastName>Burchett</lastName>
        <party>R</party>
        <state>TN</state>
        <district>2</district>
        <sponsorshipDate>2020-04-14</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>T000470</bioguideId>
        <fullName>Rep. Tipton, Scott  R. [R-CO-3]</fullName>
        <firstName>Scott</firstName>
        <lastName>Tipton</lastName>
        <party>R</party>
        <state>CO</state>
        <middleName>R.</middleName>
        <district>3</district>
        <sponsorshipDate>2020-04-14</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Business investment and capital</name>
        </item>
        <item>
          <name>Capital gains tax</name>
        </item>
        <item>
          <name>Economic development</name>
        </item>
        <item>
          <name>Income tax deferral</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2020-04-14</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2020-04-27T12:43:07Z</updateDate>
        <text><![CDATA[ <p>This bill defers for four years the tax on gain from investment in opportunity zone property. <i>Opportunity zone property </i>is property located in low-income communities for which certain tax incentives are provided, including deferral of the recognition of capital gains. </p>]]></text>
      </summary>
    </summaries>
    <title>To defer the year of inclusion for certain capital gains invested in a qualified opportunity fund.</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>To defer the year of inclusion for certain capital gains invested in a qualified opportunity fund.</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To defer the year of inclusion for certain capital gains invested in a qualified opportunity fund.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in House</type>
        <date>2020-04-14T04:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-116hr6513ih/xml/BILLS-116hr6513ih.xml</url>
          </item>
        </formats>
      </item>
    </textVersions>
    <latestAction>
      <actionDate>2020-04-14</actionDate>
      <text>Referred to the House Committee on Ways and Means.</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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