HR 7242 · 115th Congress · Taxation

Disaster Recovery and Opportunity Act of 2018

Introduced 2018-12-10· Sponsored by Rep. Meadows, Mark [R-NC-11]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2018-12-10)

Plain Language Summary

[AI summary unavailable — showing source text] Disaster Recovery and Opportunity Act of 2018 This bill amends the Internal Revenue Code to allow the chief executive officer (e.g., governor) of a state to designate certain population census tracts in areas related to federally declared disasters as opportunity zones. This makes investments in the areas eligible for various tax incentives.…

Summarized by Claude AI · Non-partisan · For informational purposes only