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New Tax Rules and Incentives for Opportunity Zones and Rural Areas.

This bill modifies the opportunity zone program, extending its duration and creating new opportunities for investors, especially in rural areas. The aim is to stimulate economic development and job creation in these regions. Additionally, it enhances the transparency of investment funds through new reporting requirements.
Key points
Extension of the opportunity zone program until the end of 2033, providing more time for investments.
Introduction of special tax incentives for investments in rural areas, including higher benefits and simpler rules.
New reporting requirements for funds investing in these zones, increasing transparency and allowing assessment of investment impact on local communities.
Possibility to defer capital gains tax from investments in opportunity zones, and also defer ordinary income tax up to $10,000.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3687
Sponsor: Rep. Kelly, Mike [R-PA-16]
Process start date: 2025-06-03
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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

To amend the Internal Revenue Code of 1986 to renew and enhance opportunity zones, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3687.

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 2025-06-03.

What are the main provisions?

Key points include:

  • Extension of the opportunity zone program until the end of 2033, providing more time for investments.
  • Introduction of special tax incentives for investments in rural areas, including higher benefits and simpler rules.
  • New reporting requirements for funds investing in these zones, increasing transparency and allowing assessment of investment impact on local communities.
  • Possibility to defer capital gains tax from investments in opportunity zones, and also defer ordinary income tax up to $10,000.
What is the specific legal status?

The current status is Introduced.

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. Kelly, Mike [R-PA-16].

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 2025-12-22.

CATEGORIES

Taxes Economy Public Investments