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To amend the Internal Revenue Code of 1986 to repeal opportunity zones.
10/28/2022, 1:46 AM
Congressional Summary of HR 5252
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.
Read the Full Bill
Current Status of Bill HR 5252
Bill HR 5252 is currently in the status of Bill Introduced since November 22, 2019. Bill HR 5252 was introduced during Congress 116 and was introduced to the House on November 22, 2019. Bill HR 5252's most recent activity was Sponsor introductory remarks on measure. (CR H9286) as of December 5, 2019
Bipartisan Support of Bill HR 5252
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
1Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 5252
Primary Policy Focus
TaxationPotential Impact Areas
- Business investment and capital
- Economic development
- Income tax deferral
- Income tax exclusion
Alternate Title(s) of Bill HR 5252
To amend the Internal Revenue Code of 1986 to repeal opportunity zones.
To amend the Internal Revenue Code of 1986 to repeal opportunity zones.
Comments
Sponsors and Cosponsors of HR 5252
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