H.R. 4608 · 117th Congress
Growth and Opportunities Act of 2021
- Stage
- In committee
- Sponsor
- Michelle Steel
- Introduced
- 2021-07-21
- Latest action
- 2021-07-21 · Introduced in House
Summary
Growth and Opportunities Act of 2021
This bill permits qualified opportunity zones to be designated every 10 years. A qualified opportunity zone is an economically distressed or low-income area in which tax incentives are available to promote investment. Under current law, the existing zone designations expire after 10 years, and no additional designations are allowed.