3.0.0 7492 2023-01-11T13:46:01Z 2023-01-11T13:46:01Z House HR 2020-07-06 116 [Congressional Record Volume 166, Number 123 (Monday, July 6, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Miss GONZALEZ-COLON of Puerto Rico:H.R. 7492.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clauses 1 and 18 of the U.S.Constitution, which provide as follows: The Congress shallhave Power To lay and collect Taxes, Duties, Imposts andExcises, to pay the Debts and provide for the common Defenceand general Welfare of the United States; but all Duties,Imposts and Excises shall be uniform throughout the UnitedStates; [. . .]--And To make all laws which shall benecessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by thisConstitution in the Government of the United States, or inany Department or Officer thereof.[Page H3068]]]> hswm00 Ways and Means Committee House Standing hswm05 Tax Subcommittee Referred to 2020-07-06T13:44:33Z Referred to 2020-07-06T18:01:50Z 2020-07-06 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2020-07-06 hswm05 Tax Subcommittee 1 House committee actions Referred to the Subcommittee on Select Revenue Measures. Committee 2020-07-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-07-06 Introduced in House IntroReferral 1000 9 Library of Congress G000582 Resident Commissioner González-Colón, Jenniffer [R-PR-At Large] Jenniffer Gonzalez-Colon R PR N Taxation Business investment and capital Capital gains tax Economic development Income tax deferral Income tax exclusion Puerto Rico U.S. territories and protectorates Taxation

00 2020-07-06 Introduced in House 2020-09-03T14:56:37Z This bill removes conditions on the designation of Puerto Rico as a qualified opportunity zone. In general, a qualified opportunity zone is an economically-distressed community where new investment may be eligible for preferential tax treatment.

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Display Title Official Title as Introduced Introduced in House IH Introduced in House 2020-07-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr7492ih/xml/BILLS-116hr7492ih.xml 2020-07-06 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.