H.R. 4055 · 118th Congress
Opportunity Zones Enhancement Act of 2023
- Stage
- In committee
- Sponsor
- Andy Barr
- Introduced
- 2023-06-13
- Latest action
- 2023-06-13 · Introduced in House
Summary
Opportunity Zones Enhancement Act of 2023
This bill excludes from gross income, for income tax purposes, certain amounts of interest received by a depository institution on any loan to a qualified opportunity zone business (businesses located in economically-distressed communities that may qualify for preferential tax treatment, such as capital gains tax avoidance).