3.0.0 4780 2023-01-11T13:44:25Z 2023-01-11T13:44:25Z Senate S 2020-10-01 116 ssfi00 Finance Committee Senate Standing Referred to 2020-10-01T17:56:14Z 2020-10-01 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2020-10-01 Introduced in Senate IntroReferral 10000 9 Library of Congress K000393 Sen. Kennedy, John [R-LA] John Kennedy R LA Neely N Taxation Business investment and capital Capital gains tax Disaster relief and insurance Income tax deferral Income tax rates Louisiana Natural disasters Securities Taxation 00 2020-10-01 Introduced in Senate 2020-12-01T14:58:23Z Hurricane Laura Recovery Opportunity Zones Act

This bill designates certain low-income community areas as qualified Hurricane Laura Recovery Opportunity Zones. Such zones are areas for which a major disaster has been declared before September 30, 2020, and which have been determined by the President to warrant individual or public assistance by reason of Hurricane Laura.

The bill sets forth special rules for the treatment of capital gains in Hurricane Laura Recovery Opportunity Zones. It also expresses the sense of Congress that the rate of tax on income from capital gains in effect on the enactment date of this bill should not be changed.

]]> Hurricane Laura Recovery Opportunity Zones Act Display Title Hurricane Laura Recovery Opportunity Zones Act Short Title(s) as Introduced Hurricane Laura Recovery Opportunity Zones Act Introduced in Senate IS Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide for qualified Hurricane Laura recovery opportunity zones, and for other purposes. Introduced in Senate IS Introduced in Senate 2020-10-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s4780is/xml/BILLS-116s4780is.xml 2020-10-01 Read twice and referred to the Committee on Finance. 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.