Sign Up For Novogradac Industry Alert Emails

Bill Would Designate All of Puerto Rico as Opportunity Zone

Wednesday, July 8, 2020 - 9:15AM

Legislation introduced in the House of Representatives this week would designate all of Puerto Rico as an opportunity zone (OZ). Commissioner Jenniffer Gonzalez-Colon, R-P.R., introduced H.R. 7492. A provision in 2018 federal budget legislation allows every low-income census tract in Puerto Rico to be designated an OZ (rather than 25 percent of such tracts elsewhere). The text of H.R. 7492 was unavailable.

Learn more about Novogradac's expertise and many services