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Expanding Opportunity Zones: More Investment and Tax Benefits

This act increases the number of areas where investors can receive tax benefits, aiming to encourage development in less affluent regions. It also extends the period for utilizing these benefits, offering more time to defer capital gains taxes. This could lead to more jobs and local community development.
Key points
Increases the number of qualified Opportunity Zones from 25% to 30% in each state.
Extends the deadline for deferring capital gains invested in Opportunity Zones until December 31, 2029.
Provides a longer period for electing into Opportunity Zones, offering investors more flexibility.
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Status:
Expired
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Additional Information
Print number: 117_HR_4177
Sponsor: Rep. Hagedorn, Jim [R-MN-1]
Process start date: 2021-06-25
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Expanding Opportunity Zones Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4177.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-06-25.

What are the main provisions?

Key points include:

  • Increases the number of qualified Opportunity Zones from 25% to 30% in each state.
  • Extends the deadline for deferring capital gains invested in Opportunity Zones until December 31, 2029.
  • Provides a longer period for electing into Opportunity Zones, offering investors more flexibility.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Hagedorn, Jim [R-MN-1].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Economy Real Estate