Bipartisan Disaster Relief Bill Would Expand Opportunity Zones

Friday, November 16, 2018 - 12:45pm

A group of seven U.S. senators introduced a bill Thursday to provide tax relief for victims of Hurricane Florence, Hurricane Michael and certain California wildfires.  Hurricanes Florence and Michael and California Wildfire Tax Relief Act (S. 3648) would amend the tax code to treat any applicable disaster zone as an opportunity zone. Bill sponsors include Sens. Richard Burr, R-N.C., Thom Tillis, R-N.C., Lindsay Graham, R-S.C., Marco Rubio, R-Fla., Bill Nelson, D-Fla., Dianne Feinstein, D-Calif., and Kamala Harris, D-Calif.