3.0.0 4608 2022-12-31T05:05:42Z 2022-12-31T05:05:42Z House HR 2021-07-21 117 [Congressional Record Volume 167, Number 128 (Wednesday, July 21, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. STEEL:H.R. 4608.Congress has the power to enact this legislation pursuantto the following:U.S. Constitution, Article 1 Section 8[Page H3803]]]> hswm00 Ways and Means Committee House Standing Referred to 2021-07-21T14:03:40Z 2021-07-21 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2021-07-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-07-21 Introduced in House IntroReferral 1000 9 Library of Congress S001135 Rep. Steel, Michelle [R-CA-48] Michelle Steel R CA 48 N S000168 Rep. Salazar, Maria Elvira [R-FL-27] Maria Salazar R FL Elvira 27 2021-07-21 True O000086 Rep. Owens, Burgess [R-UT-4] Burgess Owens R UT 4 2021-07-21 True G000593 Rep. Gimenez, Carlos A. [R-FL-26] Carlos Gimenez R FL A. 26 2021-07-21 True V000133 Rep. Van Drew, Jefferson [R-NJ-2] Jefferson Van Drew R NJ 2 2021-08-06 False Taxation Business investment and capital Census and government statistics Economic development Housing and community development funding Income tax deferral Income tax exclusion Taxation 00 2021-07-21 Introduced in House 2021-08-25T12:43:18Z Growth and Opportunities Act of 2021

This bill permits qualified opportunity zones to be designated every 10 years. A qualified opportunity zone is an economically distressed or low-income area in which tax incentives are available to promote investment. Under current law, the existing zone designations expire after 10 years, and no additional designations are allowed.

]]> Growth and Opportunities Act of 2021 Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide for designation of qualified opportunity zones every 10 years. Introduced in House IH Display Title Growth and Opportunities Act of 2021 Short Title(s) as Introduced Growth and Opportunities Act of 2021 Introduced in House IH Introduced in House 2021-07-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr4608ih/xml/BILLS-117hr4608ih.xml 2021-07-21 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.