[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 378 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 378

        To designate all of Puerto Rico as an opportunity zone.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 17, 2023

 Mrs. Gonzalez-Colon 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) 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, 2022.
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