[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7492 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 7492

        To designate all of Puerto Rico as an opportunity zone.


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                    IN THE HOUSE OF REPRESENTATIVES

                              July 6, 2020

Miss Gonzalez-Colon of Puerto Rico introduced the following bill; which 
            was referred to the Committee on Ways and Means

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                                 A BILL


 
        To designate all of Puerto Rico as an opportunity zone.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. ALL OF PUERTO RICO DESIGNATED AS AN OPPORTUNITY ZONE.

    (a) In General.--Section 1400Z-1(b)(3) is amended by striking 
``that is a low-income community shall be deemed to be certified and 
designated as a qualified opportunity zone, effective on the date of 
the enactment of Public Law 115-97'' and inserting ``shall be deemed to 
be certified and designated as a qualified opportunity zone.''
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2019.
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