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Opportunity Zone Tax Incentive Extension until 2028

This act extends the tax benefits for investments in designated Opportunity Zones until the end of 2028. This means individuals and businesses investing in these areas will have more time to defer capital gains taxes, potentially encouraging further economic development and investment in these regions.
Key points
Extends the period for deferring capital gains taxes from Opportunity Zone investments until December 31, 2028.
Provides more time for investors to utilize preferential tax conditions, potentially boosting economic growth in designated areas.
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Expired
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Additional Information
Print number: 117_HR_970
Sponsor: Rep. Burchett, Tim [R-TN-2]
Process start date: 2021-02-11
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Opportunity Zone Extension Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_970.

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 2021-02-11.

What are the main provisions?

Key points include:

  • Extends the period for deferring capital gains taxes from Opportunity Zone investments until December 31, 2028.
  • Provides more time for investors to utilize preferential tax conditions, potentially boosting economic growth in designated 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. Burchett, Tim [R-TN-2].

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 Economy Public Investments