[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6513 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 6513

To defer the year of inclusion for certain capital gains invested in a 
                      qualified opportunity fund.


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 14, 2020

Mr. Riggleman (for himself, Mr. Reschenthaler, Mr. Ferguson, Mr. Steil, 
Mr. Burchett, and Mr. Tipton) introduced the following bill; which was 
              referred to the Committee on Ways and Means

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                                 A BILL


 
To defer the year of inclusion for certain capital gains invested in a 
                      qualified opportunity fund.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. DEFERRAL OF GAIN INVESTED IN OPPORTUNITY ZONE PROPERTY 
              EXTENDED TO 2030.

    (a) In General.--Section 1400Z-2(b)(1)(B) is amended by striking 
``December 31, 2026'' and inserting ``December 31, 2030''.
    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of enactment of this 
section.
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