H.R. 7242 · 115th Congress
Disaster Recovery and Opportunity Act of 2018
- Stage
- In committee
- Sponsor
- Mark Meadows
- Introduced
- 2018-12-10
- Latest action
- 2018-12-10 · Introduced in House
Summary
Disaster Recovery and Opportunity Act of 2018
This bill amends the Internal Revenue Code to allow the chief executive officer (e.g., governor) of a state to designate certain population census tracts in areas related to federally declared disasters as opportunity zones. This makes investments in the areas eligible for various tax incentives.