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.