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

I 116TH CONGRESS 2D SESSION H. R. 6513 To defer the year of inclusion for certain capital gains invested in a qualified opportunity fund. 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 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 Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. DEFERRAL OF GAIN INVESTED IN OPPOR- 3 TUNITY ZONE PROPERTY EXTENDED TO 2030. 4 (a) IN GENERAL.—Section 1400Z–2(b)(1)(B) is 5 amended by striking ‘‘December 31, 2026’’ and inserting 6 ‘‘December 31, 2030’’. 7 VerDate Sep 11 2014 00:05 Apr 22, 2020 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H6513.IH H6513 pamtmann on DSKBC07HB2PROD with BILLS 2 •HR 6513 IH (b) EFFECTIVE DATE.—The amendments made by 1 this section shall apply to taxable years beginning after 2 the date of enactment of this section. 3 Æ VerDate Sep 11 2014 00:05 Apr 22, 2020 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H6513.IH H6513 pamtmann on DSKBC07HB2PROD with BILLS