118th Congress · HOUSE BILLBILL

H.R. 3906 — Rural Opportunity Zone and Investment Act

“To amend the Internal Revenue Code of 1986 to establish special rules for capital gains invested in rural opportunity zones.”

Taxation

Introduced Jun 7, 2023

Last action Jun 7, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jun 7, 2023

Step 2

Referred

Jun 7, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill provides for the deferral of tax until December 31, 2032, on capital gains invested in qualified rural opportunity zones. A qualified rural opportunity zone is any population census tract that is located in a rural county and is in persistent poverty.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Jun 7, 2023

Introduced in House

Jun 7, 2023

Referred to the House Committee on Ways and Means.