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Opportunity Zone Changes and New Investment Rules

This bill modifies the Opportunity Zone program by removing wealthier areas and adding new reporting requirements for investments. It also extends the tax deferral period for gains invested in these zones and establishes a new fund to support economic development in underserved communities.
Key points
Wealthier areas may be removed from the list of Opportunity Zones, with potential for new, more distressed areas to be designated.
Mandatory reporting of investment information by Opportunity Funds and investors is introduced to track impact.
The tax deferral period for capital gains invested in Opportunity Zones is extended until the end of 2028.
A new fund is created to support investments and development for small businesses and communities in low-income areas.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_7467
Sponsor: Rep. Kind, Ron [D-WI-3]
Process start date: 2022-04-07
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Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Opportunity Zones Improvement, Transparency, and Extension Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7467.

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 2022-04-07.

What are the main provisions?

Key points include:

  • Wealthier areas may be removed from the list of Opportunity Zones, with potential for new, more distressed areas to be designated.
  • Mandatory reporting of investment information by Opportunity Funds and investors is introduced to track impact.
  • The tax deferral period for capital gains invested in Opportunity Zones is extended until the end of 2028.
  • A new fund is created to support investments and development for small businesses and communities in low-income areas.
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. Kind, Ron [D-WI-3].

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.

CATEGORIES

Taxes Public Investments Economy