HR 6529 · 116th Congress · Taxation

COVID-19-Impacted Small Business Opportunity Zone Act

Introduced 2020-04-17· Sponsored by Rep. Curtis, John R. [R-UT-3]· 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.(2020-04-17)

Plain Language Summary

[AI summary unavailable — showing source text] COVID-19-Impacted Small Business Opportunity Zone Act This bill designates certain small businesses affected by COVID-19 (i.e., coronavirus disease 2019) as qualified opportunity zone businesses. This designation makes certain tax benefits, including favorable capital gains treatment, available to affected businesses that have experienced supply chain disruptions, staffing challenges, decrease in sales or customers, or partial or full suspension of business.…

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

Cosponsors (2)

1 Democrat1 Republican
Rep. Cuellar, Henry [D-TX-28]TX
Rep. Lesko, Debbie [R-AZ-8]AZ