115 HR 1740 IH: To designate all of Puerto Rico as an opportunity zone. U.S. House of Representatives 2021-03-10 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.

I117th CONGRESS1st SessionH. R. 1740IN THE HOUSE OF REPRESENTATIVESMarch 10, 2021Miss González-Colón introduced the following bill; which was referred to the Committee on Ways and MeansA BILLTo designate all of Puerto Rico as an opportunity zone.

1.

All of Puerto Rico designated as an opportunity zone

(a)

In general

Section 1400Z–1(b)(3) of the Internal Revenue Code of 1986 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, 2020.