H.R. 5252 · 116th Congress
To amend the Internal Revenue Code of 1986 to repeal opportunity zones.
- Stage
- In committee
- Sponsor
- Rashida Tlaib
- Introduced
- 2019-11-22
- Latest action
- 2019-12-05 · Sponsor introductory remarks on measure.
Summary
This bill repeals the investment tax incentive known as qualified opportunity zones on the day after the enactment date of this bill and also repeals the special basis rule for investments in such zones held for at least 10 years.